Ask any number of smart, accomplished people what goes into an apple pie. What will they say? Well, apples, of course. Dough. Maybe they'll be more specific and say flour, or butter, or cinnamon. But unless they've actually made an apple pie before, their understanding may be a little vague. But it gets more interesting—because if you put the question to people who do know how to make an apple pie, you'll discover a lot of variety in their answers. How much butter and sugar? How much cinnamon? Other spices? Plain top, fancy lattice-work, or crumble? Turns out even something as "basic" as apple pie is not as basic as it seems—and every person has their own unique recipe.
It's the same with personal investment strategies. There are many super-smart, accomplished, busy professional women who don't have a clear idea what goes into an investment strategy. And, honestly, they just don't have a lot of time to spend examining their personal finances, either. Often their plan is, “I’ll get around to it sometime.”
Maybe you're not sure what questions to ask. Or what your choices are for appropriate investment strategies. That's completely understandable, especially if you've never done this before. (And even if you have done it before, it's always a good idea to check out other recipes.) Choices about investment strategies are as personal as make-up and shoes—and apple pie. But, as with all good recipes, there are some main underlying principles that you can start with. Talk about these with your financial advisor until you get the flavor just right.
Join Diane Manuel on Thursday, April 2nd, for a FREE, 30-minute webinar. She'll cover the basics of personal investment strategies, so you can start gaining clarity and confidence about your investments.
At Urban Wealth Management, our mission is to create a supportive and secure environment where women are encouraged to be engaged in their financial affairs and take ownership in creating the life they desire and deserve. Our vision is that every woman should live a life of her design, using her wealth to fulfill her dreams, enjoy her passions, and expand her interests. If you’re ready to begin the journey, connect with us for a complimentary half-hour chat.