Contributed by Eileen Stoner, The Stoner Group
Sometimes taking the next step toward improving our financial situation may be difficult. Do you feel like this is true for you?
If so, first of all I understand. And secondly, you are not alone! I talk with many women who tell me there are times where they may feel under-confident when it comes to financial matters.
How can you avoid making financial mistakes? Making a plan that is designed to help meet your financial goals before a decision is made is a good start. This is where an experienced financial advisor can help. A financial advisor can be a guide as you clarify your goals and then build a financial plan to meet them.
Having a plan may also help to avoid a very common investment mistake—making poor investment decisions during market downturns. Volatile markets can make investors anxious; causing them to react disproportionally. Generally speaking, financial decisions driven by emotion are often poor decisions.
Stay tuned, we’ll dive deeper into the topic of women and wealth next month!