Ageand income are usually the biggest factors in determining one’s investment strategy, but some personal finance experts believe it’s time for gender to...
Ageand income are usually the biggest factors in determining one’s investment strategy, but some personal finance experts believe it’s time for gender to become a larger part ofthe decision-making process.
This is exacerbated by women’s longer average lifespan, she added, which is likely to extend five years beyond the average man’s. Thus, a less robust retirement fund can have even more dire consequences. She recommended women look to capital appreciation investments earlier on , as well as income-yielding investments to support them in their retirement years .“However, women should be considering alternative investments — for example, real estate and private equity, which tend to yield higher returns than more traditional investments,” added Ofori.
Beese echoed this sentiment, noting the importance of finding a team of financial planners and mentors who can guide women towards their financial goals.
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