In the next couple of weeks, we're going to look at the differences between men and women when it comes to money, in terms of investing and even spending. There are a good number of studies that prove what many of us may have already noticed: gender differences are real and many. This week: Women and Investing.

Women generally want to talk about investing in the global understanding of life: saving for retirement, helping kids with college, donating to charity rather than in terms of 'how much will this investment return?'

Women generally do not know a lot about investing, but we are anxious to learn. Life-changing episodes, such as the birth of a child, marriage, death, or divorce are opportunities that make us really want to learn.

But we spend more time planning vacations than taking care of our long-term finances and that's bad because it is estimated that 80-90% of women will manage their finances alone at some point in their lives.

So, stop paying so much attention to the kids and grandkids until you get something done for YOU! Talk about the finances with the family advisor or your spouse. Get details about what's going on. You may be the one whose life and future depends upon this!


Next week: Men and Investing

Marion R. Syversen, MBA - President
NorumbegaFinancial
207.862.2952
Marion@NorumbegaFinancial.com
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Voted Bangor's Best Financial Planning Firm 2008 by Market Surveys of America


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Disclosure:
Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Norumbega Financial and Wall Street Financial Group, Inc., are separate entities, independently owned and operated.

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