Embarking on a journey to Women's Financial Independence

Modern women strive for independence and financial independence is a necessary part of it, but do you know where to begin with?

Taking the First Step

As a financially prudent woman, the first step in investing is to draw up a budget. It includes deciding how much money to set aside from your income to invest, while also ensuring that your daily expenses are not affected. Additionally, you should save a portion of your income to ensure sufficient cash flow and set up an emergency funds to deal with unexpected situations.

Reviewing Investment Portfolio at Different Stages

Women have different needs at different stages of life. When you have just graduated, 6-3-1 rule can be followed for allocating income, with 60% for living expenses, 30% for investment, and 10% for emergency funds. At younger age you can start with high-risk leveraged investments such as CFD of foreign exchange and precious metals as it is easier to get higher return with lower cost. When you become an experienced and financially stable woman, medium to high-risk investments can bring you higher returns. You may also have plan for children, in which case you need a more stable returns to prepare extra to ensure the future of yourself and your family in the long run.

Choosing the Right Investment Products

Stocks monthly investment and money market funds are products suitable for women because women tend to invest with a long-term perspective. They have lower risks and slow but certain returns. Leveraged products like forex and precious metals have higher risks. Yet women gradually have more needs at different stages and could need higher returns. You can also consider alternative investments like handbags or art, as women's knowledge on fashion and art can help make suitable investment decisions.

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