We’ve all heard plenty about the uncertain economy, and though speculation on the future of the economy is everywhere, no one can predict with certainty what will happen next.
But despite the doom and gloom, many women are discovering that now can be the best of times to pick up good investments at a great price. However, the first step before you purchase an investment should be to arm yourself with some education.
Here are a few things you can do today to increase your financial education:
1. Pick up a publication like The Wall Street Journal, Women Entrepreneur, The Economist
, or any other publication that focuses on financial and business topics. Even reading the business section of your local newspaper will increase your knowledge.
2. When you come across vocabulary/jargon that you’re unfamiliar with, look it up. Simply learning the language of investing can speed up your learning a lot.
3. Window shop. You can look at investments and analyze deals even if you are not ready to buy. You will learn a lot from this process. For example, you can participate in a fantasy stock program where you can “invest” in the stock market with pretend money and watch how well your investment does. You can research real estate on the internet. You can visit precious metal dealers to learn how the business works and how to be a smart shopper.
There is no shortage of information in our world today – take advantage of that.
Once you’re armed yourself with some financial education, start with a small real investment. You’ll still make some mistakes as you learn along the way, but down the road you’ll look back and realize this truly was the best of times to invest.