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Yet despite the high number of women investors, very few women feel confident about investing in the market.
Were chatting with Kelly Lannan, SVP of emerging customers at Fidelity, to get heradvice on the topic.
What factors should they take into consideration to determine how to best invest this amount of money?
There are a few factors to consider before determining how to best invest.
First, ask yourself, What am I investing for?
Then, make a game plan.
This will help you decide which investments are best for you and your goals.
Id also recommend setting up time with a financial professional to help you make these decisions.
The top answer was to set up time with a financial professional.
How would you recommend women invest this money?
There are a few investing best practices all women should take to improve their financial well-being.
First, ensure your financial house is in order before you kick off investing.
This means building anemergency savings fundand paying off debt.
Fidelity recommends working toward saving $1,000 first for any potential emergencies.
Its also a good idea to pay off any debt.
Start with the high-interest debt first to avoid paying high interest on outstanding debts.
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