10 Investing Tips for Women

#10 - Know the Rules about IRA's
Every one needs to have an IRA. Most people think of an IRA as a Tax Deduction… Look at it as an investment vehicle; deposit your money early in the year and let the power of compound interest work for you.

#9 - Pay Yourself First
Save money to invest… If you take just $25 a week and invest it at only 4% annually, over 20 years that's $36,677 and there are lots of ways to earn higher interest but you have to take more risk… Last year the NASDAQ was up 82%.

#8 - Your Momma Told You , You'd Better Shop Around- Especially for a Financial Advisor
Stock Brokers, financial planner, even CPA's all have different approaches to investing, make sure that your advisor listens to you and your investing goals… This may be the most important choice you ever make.

#7 - Don't Take Tips From Your Neighbors…
Two reasons, One – Your need to do your own research, so you know that a stock is good for you and your investment goals. Two – They never tell you before a stock works, only after… What good is that to you?

#6 - Let Your Fingers Do the Walking
Research before investing is the key. There are hundreds of great FREE information sites on the web. Quicken, Hoover, Yahoo Finance & of course StockDr.com offer easy to follow, point and click directions to find out about the technical & fundamental background of stocks you may be interested in.

#5 - Tune Into Financial TV
A good way to pick up the language of the financial world is to listen in on one of these 24 hour a day networks, (CNBC, Bloomberg TV, CNN FN) maybe start with 15-20 minutes a day and work you way up to the all day junkies that we are.

#4 - Join or Form an Investment Club
You and a group of your friends can pool your research and investment money… Be sure to agree on investment goals and strategies first before investing.

#3 - On-line Brokerage
If you're going to do your research and you're going to understand the risks in a trade, why pay a full service brokerage firm. As an example a trade of a 1,000 shares of a company like AOL could cost over $500 at a full service dealer, where on-line it's about $20 or even less.

#2 - Go to Investing Seminars – But Don't Pay!
Financial Advisors, like us, Financial Planners and local investment firms give free seminars all the time. Check the paper, radio shows, and even infomercials for advertisements about times and places… you may need to sit through a commercial for their company, but its still free infomercial. And always go to these as a couple, that will give you the same exposure to the material and keep you from having to explain it later.

#1 - Sell His JUNK!
Everything that every man keeps is because it's going to “ be worth something someday ” is absolute Junk. Sell it to some other man; invest the money so that it's worth something.

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