Investment for women-some pointers
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Warren Buffet, Benjamin Graham, Vinod Khosla, Peter Lynch. See any pattern? No women! Women are such good managers. They can mange homes just as easily as they can manage companies. But investment is one place where the void is very conspicuous. And why is that. Ever give it a thought? From my experiments and experience, women are just as good at investments as men, but they simply aren’t interested. Making money work somehow doesn’t seem to impress them much. But once you have them at it, there’s no stopping them.
What started out as a small experiment with my wife soon had me trying out my techniques with other women. And the results now speak for themselves. The below tips are the result of my experience on advising women on money.
Ditch the emotions
Investing does not work on emotions. If you love a particular company does not mean the stock will work well in the market as well. If you like the service of a particular bank does not mean the interest rates of that bank are the best. Always do proper research before put in your money. And do keep the emotions at bay while you are at it. Emotions are like rust to the iron will of the investor.
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Keep a rational mind
This is where the men score. They follow only the facts. It’s tough for women, but it is the best way to go ahead if you want to rule money. As already emphasized in point one, keep emotions to one side and let the straight impartial mind take decisions. Rationional investment is an art and here are some excellent tips.
Promote the intuition
Women have this wonderful gift. When my wife insisted on buying the stocks of a car company which was almost bust, I almost laughed my head off. When I asked her the reason, she said it was her intuition. But I decided to play her and five months hence, I hang my head in shame. The car company got a stimulus from the government and has already tripled in price. But beware! Emotions are not the same as intuition. An emotion is when you are biased towards someone or something whereas intuition comes to you when you are absolutely unbiased. Try it and you might come out a winner. This is a field that men are found to be terribly lacking.
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Discipline
Women may be strict discipliners in the house. They may be the ones to discipline the children and even the husbands at times. But when it comes to paying bills and checking investments, it’s always the men who have to do the calculations. If only some of this discipline was to seep into the brain when it came to investing, women would do just fine. If you are looking for some tips on displined investing, you can find them here.
So ladies, there you go. These are the basics of investing. There might be hundreds and thousands of books around with pages and pages of advice. But the above four points are enough to get you started in the wonderful world of investing. You have worked your way through homes and offices and now it’s time someone worked for you. And who could be a better player than money. Lay back and enjoy as the money will work for you and grow on you. Best of luck.
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