Studies have shown that women are more patient and disciplined investors
Financial analysts tend to agree that it’s the careful planning and solid research that helps women do what any investor desires: get the greatest return while building a solid portfolio.
And at the same time, no matter which aspect of the financial crisis you consider, it’s clear that most of the so-called "experts" who were behind it are men. So to all of the women who haven’t yet explored the world of investing, now is the time to get started, with some helpful tools that can be found online.
Here are a few recommended resources for investors at any level to get started:
Hedgeye.com – Many individuals are familiar with "stock picker" sites such as TheStreet.com or Fool.com, or trading platforms like Scottrade or E*Trade. Sites like Yahoo! Finance are also popular sources of investing ideas and market news. Tradingfives.com is a technical analysis site that covers the exotic trading methods of W.D. Gann and J.M. Hurst
Money Girl – This podcast hosted by financial guru Laura Adams provides short and friendly business, personal finance and investing tips with the main goal of helping listeners live a richer life. It is designed for new and experienced investors as the podcast discuses an array of topics, such as common investing mistakes, shorting stocks and improving your credit score.
FINRA.org — The Financial Industry Regulatory Authority (FINRA) prides itself on being a trusted advocate for investors. Its Web site provides useful tools and calculators such as a Risk Meter, Savings Calculator, 401(k) and IRA Minimum Required Distribution Calculator and a glossary of investment and financial terms.
Whether planning for retirement or seeking a fruitful hobby, women have many reasons to consider investing. They tend to live longer, are more likely to require long-term care services as they age, and often take more time out of the workforce to care for family members. These financial realities have significant implications for how women plan for their financial futures, which is why it’s so important to identify trustworthy resources that provide accountable insights one can act upon.
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