MyMoney Online

3 financial attributes of women

Women are more cautious

Women tend to be more risk averse than men when it comes to investing. Women tend to be cautious and hold their investments longer than men who look for higher returns in more frequent trades. Given that one can afford to be more aggressive with their investments over a longer time horizon a cautious strategy is likely lose out on higher compounding over time.

Financial knowledge

It is accepted that women generally have less financial knowledge than men. This probably stems from the traditions of the past where the man was the bread winner and the wife focussed on the needs of the family.

Financial independence is for everyone and the more knowledge one has the better the investment decisions will be. Financial information is available everywhere from advisors and consultants to the internet.all it takes is the will to seek and find the information required to develop a meaningful financial plan.

Women need to be more selfish

Sacrificing everything for the family is admirable to say the least but without setting enough aside for the future the struggle will never improve. Living from hand to mouth gets more difficult as the cost of living rises at a faster pace than salary increases over time.

Women need to find ways to save more for the future. Not only for their family needs but for themselves. They need to work towards their own financial independence to attain financial freedom in the future. This can only be achieved by saving and investing more effectively over time.

Listen to the full interview below for more information...

Read more from Paul Roelofse at www.investforlife.co.za

Read More
3 wealth-boosting (small and mid-cap) stock picks

3 wealth-boosting (small and mid-cap) stock picks

Looking for a hot tip (or three)? Small and Medium Market Cap Analyst Anthony Clark reckons you’d do well to look into these...

Earn peanuts? How to best invest very small amounts...

Earn peanuts? How to best invest very small amounts...

Got a spare R200 or R300 a month? Here’s how to make that money work hard and grow…

3 stocks that’ll boost your wealth this January (by Herenya Capital Advisors)

3 stocks that’ll boost your wealth this January (by Herenya Capital Advisors)

Looking for great investments? Herenya Capital Advisors’ Petri Redelinghuys says you need not look further than these three…

Financial advisor answers listeners' money questions

Financial advisor answers listeners' money questions

The Money Show’s Bruce Whitfield interviewed Galileo Capital Personal Financial Advisor Warren Ingram.

How I’m investing for my child’s education - share trader Garth McKenzie

How I’m investing for my child’s education - share trader Garth McKenzie

Share trader Garth McKenzie started a portfolio of 10 stocks when his son was born. It’s going quite well for him…

3 things that turn investing into speculating

3 things that turn investing into speculating

Paul Roelofse suggests three things to avoid which will keep you on a path of investing rather than one of speculation.

Popular articles
Driving lessons to be incorporated into SA school's curriculum

Driving lessons to be incorporated into SA school's curriculum

Spokesperson for Transport Minister, Dipou Peters, says learners will be given an opportunity to become good and safe drivers.

LISTEN: I paid for sound system from my own personal account - Phahlane

LISTEN: I paid for sound system from my own personal account - Phahlane

Acting National Police Commissioner Khomotso Phahlane says he paid for his R80 0000 sound system at his house in Pretoria.

Public servants to have their red carpet moment at SA politician awards

Public servants to have their red carpet moment at SA politician awards

The brains behind the South African Politician Awards denies that he is hosting the event to rub shoulders with political bigwigs.

Madonsela warns against appointing woman President as a proxy

Madonsela warns against appointing woman President as a proxy

Former Public Protector Advocate Thuli Madonsela addressed the Cape Town Press Club on a number of issues.

Lumka Oliphant sorry for insulting women while defending Minister

Lumka Oliphant sorry for insulting women while defending Minister

Minister Bathabile Dlamini's spokesperson says people should stop spreading lies that minister drinks alcohol.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Meet Chuma Somdaka, a homeless artist who blogs about art

Meet Chuma Somdaka, a homeless artist who blogs about art

Chuma spends her days making art and her nights on a bench in The Company's Garden in Cape Town where she displays her artwork.