Why more women should start investing?

  • Posted By : reliancesmartmoney.com
  • Monday Jan 08, 2018

Key Takeaways

  • Financial Freedom means differently to a woman since she is more cautious and yearning for this space
  • Women are naturally endowed with patience and can be potentially smart investors
  • Women are more family-oriented and conservative and can thus perceive and use money more sensibly
  • Women have started taking finance matters into their hands not depending on parents or spouses
  • Their inclination towards asset building is considerable
  • Women are more submissive and so their risk-bearing appetite is not as high as men which can result in low returns

Introduction

Know a friend who was swallowed up with domestic liabilities and had to quit her job for some time and after years of financial independence was dependant on her husband or father for money? Or yet, remember the global recession that happened in the year 2008? Life is more random than one can imagine and it can get intimidating on many occasions. Being the woman of today’s time, you need to buckle up and prioritize your finances smartlyand from an early age.
As women, you are bestowed with eternal patience and it is time you use this power to make investments work for your benefit. Now is the time to confirm independence and to start securing future on your own terms.
How to start, why to start and what to know, are three important questions that need answering and this is what you will find further in this blog.

1. Invest Versus Save

Savings is risk-free alternative for money where generally wealth is put aside in banks FDs (Fixed Deposits) or RDs (Recurring Deposits). Conversely investing is a form of growing money for a regular income or long-term wealth accumulation. This strategy comes along with certain risk levels since capital is put into stocks or bonds (on a broader level) which are subject to market volatility, nonetheless are more rewarding. 

2. Money-conscious Attitude

With changing times, a woman’s attitude towards money is changing as well. These days’ women are dealing in property investments autonomously without any financial help from fathers or husbands. They have their own cars and are handling loans wisely.

3. Budding Family-orientation

During the medieval era, women were not educated or earned wages and so the man of the house stayed in control. However, with evolving times, women are more independent and for this reason have inculcated a growing sense of responsibility towards their parents. Furthermore, women are better capable of managing household expenses and are growing keener in contributing towards home expenses along with their husbands.

4. Sense of Space

It leads to more confidence when you can buy for yourself and not depend on anyone to fulfil basic or leisure needs. The era of ‘pocket-money’ is over with girls starting to work along with their studies. If earning has gotten to women at such an early age, so should ‘investing’.

5. Better Control

The world stays in better control with a confident woman leading it. It is in our involuntary Indian psychology to respect independence more. Women have their own voice today and so it is important they look for ways to secure this feat.

6. Key is to Start Early

You need to understand that, your investments must begin as early as your first job. Begin with putting aside a small sum initially. With every pay raise, add to investments further. This way you successfully inculcate a savings-attitude and learn financial management early-on.

7. Understanding Compounding

The earlier you begin the more money you save in the long run. This is the power of compounding. With a mere Rs. 1000 a month, you can sum your savings to a substantial amount and in this process, even 10 years implies a major difference in wealth gain.

Quick tips on being financially aware:

  • Ask questions. More you enquire, more you know and better investment strategies you can pursue.
  • This is the information-era, make most of it and perform a thorough analysis at an individual level in terms of financial instruments available.
  • Keep a track of financial benefits provided by your company, like retirement plans, insurance, etc.
  • Move towards asset building for superior capital appreciations like investing in real estate, buying gold and other valuable gems, etc.
  • While it is clear that gold and diamonds are your best friends, start choosing more money-spinning schemes like Gold ETFs and Gold funds.

Today, the country is seeing a larger number of financially independent women and many of them are far more career-oriented than before. If earning has emblazoned a woman’s couture, investing will let her splendour last! Reliancesmartmoney.com gives you an all in one investment platform for all your investment needs.
Get your quick and easy kyc done online, and start your investments today!

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