Make Investing Your Best Ally

First of all, you need to have the means, the savings. And you need to feel confident that you can put a part of it into investment where there might be maybe some risk attached. So it’s the confidence that you understand the real situation and the investment asset you are investing into. And that is partly an educational thing that you need to try to understand this. What the advisor is telling you or what you find in the Internet, and you need to have confidence to ask these questions and to make this information available to you in a way that you feel confident that you understood what’s happening with your money and which costs are attached to that.

I think a lucky thing about the times we live in is that education is available online. There are possibilities to learn about investing on YouTube. I’m pretty sure there will be female YouTubers talking about that. There will be webinars where you can ask the questions. So if somebody is really interested to say I want to understand how and where to invest my money, I would first of all give the advice; go on to the Internet and find out what kind of information are available to you. Is it books? Is it webinars? Are there YouTubers talking about things? Maybe you can go to the evening school. I’m pretty sure there are advisors for females out there. I’m pretty sure there are even Female investors clubs, where women together meet each other, talk about maybe investments, shares, they would like to invest, and then they do it together or everybody is doing it on their own, but they share their knowledge and their share of their advices. And I think the hurdles are so low with all the information, which is available on the Internet, especially if you have not already some basic financial background. Then go to YouTube and look for YouTubers talking about investing and maybe talking about investing females, and then you can ask questions. And that’s where you start from. And I think it’s an educational thing, but it’s not rocket science. It’s possible to understand, and start with the easier possibilities, the easier investments and then start from that, and then you move in the direction you want to go.

You can say okay, at this point in my life, I want to have this amount of money in my savings. Maybe because I want to retire early or I have some goal I want to achieve. Buy a house or whatever it is. Then you need to understand, if I want to have this amount of money, how much would I have to put away every year or every month to achieve this goal and how needs this investment to grow? So first of all, it’s to understand just the mathematics, which is possible. Even if you just say I do not invest I just put the money aside, it’s the first basically very easy calculation you can do. Usually it is very helpful if savings have an own return on its own from investing. And then you need to start to learn and or to get a device to put the money into it. The money itself is returning with interest or other potential income stream. You need to understand it’s always a balance between risk and return. So if you consider yourself a very low risk taker, then you will have to accept that the return per year is not as high but still, there are multiple opportunities out there. Another thing is at the moment that’s not so easy anymore, but it was when the real estate trade prices are not so high, then it can be a smart move to invest your savings into your own flat or whatever because you have to pay a rent if you rent a flat, you have to pay rent anyway. If you are able to buy it with your savings, then each repayment of the loan you took is a potential investment as well, because you invest into owning this flat. So this is something, at the moment the prices in the bigger cities here in Europe are quite high. So this is something maybe not at the moment a proper advice, but in a different situation, it’s really smart because then you use a basic monthly payment as an investment too.