January 11, 2011
Do You Rock in Stocks?
With the stock market looking up and investors gaining confidence, you may be curious if you should, too. When it comes to stocks, some would rather keep money safe than gamble in the stock market. So, when should you get back in the game?
“The top reason women should get back in stocks is to improve their financial growth and increased cash flow from dividend income,” Kathryn Senkbeil, senior vice president at Morgan Stanley Smith Barney, tells PINK. “Women need to make sure they have investment money set aside to put into the market. This should be money that won’t be needed to fund other immediate needs.”
Ready to get started?
Publications like Barron’s, The Wall Street Journal and Yahoo! Finance can help you follow stocks that interest you before you visit a financial advisor. Plus, you can use MSN Money’s Stock Research Wizard to familiarize yourself with various securities.
Senkbeil also suggests investing a little at a time. “Being consistent with your investment, and not buying all your stock at the same time will provide you with average cost.”
When choosing stocks in this tricky economy, diversity is key. Also, keep track of news about the company, be realistic and stay resilient, advises Investopedia.
Bonus PINK Link: Before you get back into the market, do you need a money makeover?
By Muriel Vega
"[S]he who loses money, loses much; [s]he who loses a friend, loses
much more; [s]he who loses faith, loses all." Eleanor Roosevelt