Have you ever wondered why the thirst for glossy price tags never really satiates? Everything new, unworn, unpossessed and yet to be acquired appears so desirable, but the moment we own it, it loses its appeal. There are a number of glossy price tags still submerged under a huge pile of what not in my closet, and frankly, I don’t even have the time to declutter it!
Women have long associated luxury with material, not money. Money looks good on men but women? Nah, we’re good with MKs and LVs! Isn’t it ladies? However, things do turn sour when unprecedented emergencies take the center stage. Unplanned medical bills, accidents, urgent repairs or job loss is seen as something happening to people outside our circle. Alas! We keep on saying life is so unpredictable and yet we spend like we have an uninterrupted money supply from the Swiss bank. Women have both been conditioned and made to believe in the inevitable concept of money being only good being exchanged. Exchanged for? Yes, the lust for everything feminine, beautiful, fragrant and new!
I’ve had the luxury of doing the same. I was my father’s little girl and mom’s beauty project, so I never really knew the real purpose money comes with. But, things have this way of shaking the very core of your beliefs. I was sort of alone, vulnerable and stuck with a petty job. Didn’t want the mercy of my family business and decided to begin investing.
As with the universe, the commencement is always the hardest part. Had bills, rent, groceries and cab fares to survive with. But the mighty ends up winning. Got so intrigued by the world of finance, left journalism to educate women, the reward of investing.
So, hotties. I’m decoding the basic investment vehicles, you can absolutely park your money in, for both long and term intervals even if your finance game is pretty basic:
- Debt mutual funds: Money is invested in fixed income instruments with a regular return of 5-8%. The aim is capital preservation and not appreciation. Ideal when the investment time horizon is up to 5 years.
- Large cap stocks: These stocks come with advantage of a trusted brand name and stable fundamentals. However, equity investments must only be chosen when the time horizon is 5 years plus.
- Sectoral mutual funds: Certain sectors exhibit better growth during specific situations and economic cycles. The oil industry for instance is on the rise given the ongoing war. Capitalizing the same gives goddesses the right direction to play with money. Goes without saying, long term investment goals only!
So, this isn’t the absolute blueprint, you need to follow, ladies but this streamlines the process. You really don’t need men dictating your investment choices, do you queens? The dichotomy of carrying a logo versus a portfolio rests solely on your jurisdiction empresses. However, given a Ferrari and an LV, what would your choice be? If you want both, start investing, period!
