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Fortunately, many savvy women are proactively investing in assets outside of a workplace retirement account or IRA.
It also revealed the most common assets these women are investing in.
Fortunately, Lannan offered an alternative that could lower the barrier to entry.
This is a great option for investors who want to get started with smaller amounts of money.
Both money market funds and CDs are consideredrelatively safe investments, Lannan said.
On the other hand,mutual funds and ETFsdont always offer as high returns as individual stocks and bonds.
Ultimately, it comes down to an individual investors preference, Lannan said.
Investing in a fund can help provide more diversification, but less control on what you purchase and sell.
This can include buying a home, investing with REITs or becoming a landlord.
Purchasing a property and renting it out to tenants i.e.
Even if you dont rent out the property you own, this can still be a wise long-term investment.
Owning your own home is another way to become a real estate investor, Lannan noted.
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