FIC Blog

We believe in – and live by – a philosophy of excellence.

Average is not good enough … Our goal at Family Investment Center is excellence. We find excellent investment products and supervise an excellent service package. We maintain a library of excellent research materials and financial planning resources. We also demand top safety and security for our clients.

We won’t settle for average. We continually seek top managers or securities and meld them into superior custom portfolios. Each palette of investments is carefully tailored to personal or family goals. We enlist excellent managers, research, resources, and effort for our clients. Don’t settle for average. You deserve excellence.

Please search our blog posts for answers to common investment questions, and we look forward to sharing our knowledge and experience with you first-hand.

Investing for Women: Does Gender Really Matter?

Why Investing for Women Deserves a Closer Look

 

b2ap3_thumbnail_Financial-Planning-in-Your-20s-1.jpgLike taste in fashion, cars, and social outings, there are differences in the way men and women invest. While personal preference accounts for some, life situations unique to gender can also be major factors. Any strategies that involve investing for women should take into consideration some unique options available to women – and unique opportunities.

1. If you’re considering becoming an investor, or making changes to your investment plans, it may be time to consider the allocation of your portfolio. You may have read articles or resources on your own and have a general idea of how you want to proceed – or you may be experiencing reluctance because of market fluctuations. Diversifying your portfolio among many types of sectors and investments can help you achieve more success over time. Consider if this is a good time to sit down with your investment advisor to review your level of risk and make adjustments if needed.

2. Don’t be afraid to put yourself first when it comes to investing. Many women are perpetual caregivers, which can have financial consequences. Before you give money to your favorite charity or even to your child’s college fund, pay yourself first in the form of investing. In the future, it may cost your loved ones a great deal more to help care for your needs as you age than you anticipate – meaning investing in your own retirement isn’t selfish, but instead wise. Keep in mind that many seniors are living 10 to 15 years longer than they expect to live, so the need for smart investing is even greater.

Remember the rule that you’re reminded of every time you get on an airplane: if the oxygen masks fall, put yours on first, then help others with theirs. Take care of yourself first so you can help others later.

3. Take part in an employer-sponsored retirement plan if it is offered at your place of employment. Consider contributing at least as much as your employer will match. If available, also consider opening your own individual retirement account (IRA). With a careful eye on your budget and control on your spending, your investments can accumulate and help open doors to the future you want.

4. Get involved early and often. One constant challenge investment advisors report is the habit of one spouse deferring the activity to the other spouse, for many reasons. You should know where your assets are being held and how to access them. Not only will this allow you to enjoy together successes you may see, but it will also provide an extra layer of confidence and control. Some women enjoy having their own independent investments to follow and manage, in addition to shared accounts with their spouse.

Finally, regardless of gender, you may need professional help with your investments. Investment advisors carry out these tasks every day, so they can concentrate on serving clients and helping them meet their goals.
Whether it’s investing for women, for men, or for the entire family, a professional advisor may hold your key to a brighter future.

At Family Investment Center, we strive to help put clients in a more confident position -- not just for you, but also for your entire family. When you team up with a professional who has the certifications and the passion to stay in the know, you can move past the challenges that many women experience with investing.

Family Investment Center: A Fee-Only Advisor Pione...
Family Investment Center featured in Kansas City S...

Related Posts

 

Comments

No comments made yet. Be the first to submit a comment