New At Investing

I’m Miriam Neff and I’m Valerie Neff Hogan with Wise Women Managing Money.

M Are you starting over and brand new at investing?  Maybe your spouse or another family member was always the one paying attention to investing or maybe even all of the finances.

V Start by studying compound interest, diversification, and fees.  Understand their effects on investments. Just ‘parking’ your money, given that the cost of living continues to go up every year by 3%, you are not in ‘park’, but aimed downhill with no parking brake.  On the flip side, very risky investments that you do not understand can lose a third, even half their value in a given year. 

M Understanding risk of an investment is critical to making a wise choice.