Women's Day 2022: Investment Tips For New Age Women Investors

Introduction

Investments and saving for financial security are not gender-specific. However, smart investing is becoming more commonplace as women are getting more empowered through better access to education, breaking the glass ceiling and earning more money.

If you're looking at improving your investment skills and working towards better financial security, here are five tips that will help you go a long way in your journey.

Five Investment Tips to Help you in Your Financial Journey

1. Follow the 50/30/20 Rule

It can be difficult to cull out money to invest every month if you don't have a budget and track your expenses. As per expert advice, follow the 50/30/20 rule while budgeting. That includes allocating 50% of your income for rent and utilities, 30% for lifestyle expenses and 20% for savings and investments.

2. Stay Curious About Investment Avenues

Financial literacy is critical if you want to invest and get richer. For that, you need to take an active interest in learning about new financial instruments. Make financial talk a part of dinner table conversations and take every opportunity to know more about the different products in the market and the kind of risk-rewards they provide.

3. Diversify Your Investments

While this may be one of the most basic thumb rules of investing, it will do you good to remember that diversifying your investments will yield you the best returns over the long term. That is because you diversify your risks and put your money in different financial instruments that will perform differently under various market conditions. That will ensure that your returns are stable, no matter how volatile the markets get.

4. Get a Financial Planner

Get a professional financial planner to manage your money if you make handsome money but don't have the time to learn about and invest in suitable financial instruments. Financial planners are individuals with years of knowledge about investing. They will be able to make the right decisions on your behalf to help you grow your money as per your investment objectives and risk appetite.

5. Don't Overdo Tax Savers

Tax saving financial instruments may help you save tax, but they may not be the best investment avenues to meet your financial goals. While you must save as much as you can on tax, don't overdo your tax investments. Instead, save according to your financial goals and plans.

Also Read: Types of Financial Instruments in the Stock Market

Conclusion

As an intelligent female investor, you need to be well-educated about the market and different investment tactics. You can grow your money and reach your financial goals with ease by making intelligent investment decisions.

Disclaimer – ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.