Clever Girl Finance - Learn How Investing Works, Grow Your Money

Learn the basics of investing with this approachable guide to the world of finance
 
Clever Girl Finance: Learn How Investing Works, Grow Your Money is the leading guide for women who seek to learn the basic foundations of personal investing. In a no-nonsense and straightforward style, this book teaches readers:
* Exactly how investing works and what you should be doing, no fancy finance degree required
* How to leverage investing to build long term wealth even on a modest salary
* The key pitfalls to avoid in order to become a successful investor
* How to build a nest egg and invest in your future
* Insights from real-world success stories from other "clever girl investors"
 
Clever Girl Finance teaches readers the irreplaceable value of investing for long-term financial gain, and the difference between making money and building wealth.
 
Written for any woman who's ever sought out an accessible introduction to the world of investing, this book is especially suited to women interested in learning how investing works and taking guided action towards their financial success.

List of contents

About the Author xi
 
Acknowledgments xiii
 
You are in the Right Place! Get Ready to Become a Clever Girl Investor! xv
 
How to Use This Book xix
 
Chapter 1 Adjusting Your Mindset About Investing 1
 
Why Investing Matters 7
 
Getting Educated About Investing 9
 
Women and the Investment Gap: Why It's More Important Than Ever for Women in Particular to Invest 11
 
My Investing Story: The Complete Game-Changer for My Finances 15
 
Chapter 2 How the Stock Market Works 19
 
What Is the Stock Market? 21
 
Stock Exchanges in the United States 22
 
Indices and the Stock Market 23
 
The Economy and the Stock Market 26
 
How the Economy Affects Your Portfolio 26
 
Clever Girl Investor: Meet Jennifer "Jenny" Coombs 30
 
Chapter 3 Core Investing Concepts: Inflation, Compounding, and the Rule of 72 33
 
Inflation 36
 
What Causes Inflation? 37
 
Inflation in the United States 38
 
Compounding 39
 
How Compound Interest Works 40
 
The Rule of 72 44
 
Compound Interest, the Rule of 72, and Debt 46
 
Clever Girl Investor: Meet Cindy E. Zuniga 48
 
Chapter 4 Preparing to Invest 51
 
Key Factors to Ensure You're Prepared to Invest 54
 
Setting Your Investment Objectives 58
 
Understanding Risk 59
 
Mitigating Risk 60
 
Chapter 5 The Different Types of Stock Market Investments 65
 
Investing in Stocks 67
 
Market Capitalization and Stocks 68
 
Investing in Bonds 70
 
What to Know About Bonds 70
 
Should You Buy Individual Stocks and/or Bonds? 73
 
Investing in Funds 74
 
Index Funds to Win 76
 
The Key Benefits of Index Funds 77
 
Popular Index Funds 79
 
Chapter 6 Researching Your Investments 83
 
Things to Look for When Researching Investments 86
 
Extra Credit: More Investing Terms and Definitions 90
 
Clever Girl Investor: Meet Adeola Omole 92
 
Chapter 7 Where and How to Purchase Your Investments 97
 
Brokerage Firms and Robo-Advisors 99
 
Working with a Financial Advisor 102
 
Practicing with Simulation Accounts 103
 
Trading versus Investing 104
 
Clever Girl Investor: Meet Jully-Alma Taveras 105
 
Chapter 8 Investing for Retirement 109
 
Types of Retirement Investment Accounts 114
 
What to Do When You Leave Your Employer 122
 
Tips to Maximize Your Retirement Investments 123
 
Are You Saving Enough? 126
 
Investing During Retirement 128
 
Clever Girl Investor: Meet Faneisha "Fo" Alexander 129
 
Chapter 9 Simple Investing Strategies 133
 
The 3-Fund Portfolio Investing Strategy 136
 
Alternative Investing Strategies: The 1-Fund, 2-Fund, 4-Fund, and 5-Fund Portfolios 139
 
Clever Girl Investor: Meet Jamila Souffrant 143
 
Chapter 10 Keeping Your Investments on Target 147
 
How Does Rebalancing Work? 149
 
When to Rebalance Your Portfolio 150
 
A Common Rule of Thumb: 100 Minus Your Age 151
 
How Often Should You Rebalance Your Portfolio? 151
 
Target-Date Funds, Robo-Advisors, and Portfolio Rebalancing 152
 
Letting Go of a Losing Investment 153
 
Chapter 11 The Deal with Taxes 157
 
Income Tax and Capital Gains Tax 159
 
Tax Losses 160
 
Minimizing Your Tax Obligation 161
 
Chapter 12 Investing Mistakes and Pitfalls to Avoid 165
 
Key Investing Mistakes and How to Avoid Them 168
 
Clever Girl Investor: Meet Regina Byrd 170
 

About the author

BOLA SOKUNBI is a Certified Financial Education Instructor, author, influencer, and finance expert. She's also the CEO and founder of Clever Girl Finance, a platform that educates and empowers women to achieve their own financial independence and freedom.

Summary

Learn the basics of investing with this approachable guide to the world of finance

Clever Girl Finance: Learn How Investing Works, Grow Your Money is the leading guide for women who seek to learn the basic foundations of personal investing. In a no-nonsense and straightforward style, this book teaches readers:
* Exactly how investing works and what you should be doing, no fancy finance degree required
* How to leverage investing to build long term wealth even on a modest salary
* The key pitfalls to avoid in order to become a successful investor
* How to build a nest egg and invest in your future
* Insights from real-world success stories from other "clever girl investors"

Clever Girl Finance teaches readers the irreplaceable value of investing for long-term financial gain, and the difference between making money and building wealth.

Written for any woman who's ever sought out an accessible introduction to the world of investing, this book is especially suited to women interested in learning how investing works and taking guided action towards their financial success.

Product details

• Authors: B Sokunbi, Bola Sokunbi
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Paperback / Softback
• Released: 31.10.2020
• EAN: 9781119696735
• ISBN: 978-1-119-69673-5
• No. of pages: 208
• Subjects: Guides > Law, job, finance; Personal finance, Private Finanzplanung, Finance & Investments, Finanz- u. Anlagewesen