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Sunday, March 20, 2016

Basics of Finance investment for Single Mothers

Women usually get scared with the idea of handling money and remain indecisive - often turns out to be a problem if for some reasons they are forced to live on their own and this problem becomes more ugly if they gave children with them and they have to secure the financial future of all of them having zero knowledge about finance and investing.

First few steps to start managing their investments:
# Never give management of your money to a relative
# Open a fixed deposit account as your first investment in a good bank and keep money in it
# Must educate yourself with the basics of finance and investing
# To gain experience of investment start with a small amount from the money kept in your FD ( fixed deposit)
# Understand financial planning and if needed get in  touch with a financial planner for a fee
# Choose your planner by relying on strong references
# Financial planner must have a minimum 2-3 years of experience
# For a good long term investing experience you have to have a disciplined approach to saving and investing
# Keep calm during markets short term volatile phases
# Trust SIPs for investing in mutual funds. SIPs average out costs, neutralise negative impact of volatility.

1 comment:

Dr Purva Pius said...

Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

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