| Author |
Sokunbi, Bola, 1981- author.
|
| Title |
Clever girl finance : learn how investing works, grow your money / Bola Sokunbi. |
| Publication Info. |
Hoboken, New Jersey : Wiley, [2021].
|
|
©2021 |
| Description |
xix, 188 pages : illustrations ; 22 cm |
| Content Type |
text |
| Media Type |
unmediated |
| Carrier Type |
volume |
| Note |
Includes index. |
| Contents |
Adjusting your mindset about investing. Why investing matters ; Getting educated about investing ; Women and the investment gap: why it's more important than ever for women in particular to invest ; My investing story: the complete game-changer for my finances -- How the stock market works. What is the stock market? ; Stock exchanges in the United States ; Indices and the stock market ; The economy and the stock market ; How the economy affects your portfolio ; Clever girl investor: meet Jennifer "Jenny" Coombs -- Core investing concepts: inflation, compounding, and the rule of 72. Inflation ; What causes inflation? ; Inflation in the United States ; Compounding ; How compound interest works ; The rule of 72 ; Compound interest, the rule of 72, and debt ; Clever girl investor: meet Cindy E. Zuniga -- Preparing to invest. Key factors to ensure you're prepared to invest ; Setting your investment objectives ; Understanding risk ; Mitigating risk -- The different types of stock market investments. Investing in stocks ; Market capitalization and stocks ; Investing in bonds ; What to know about bonds ; Should you buy individual stocks and/or bonds? ; Investing in funds ; Index funds to win ; The key benefits of index funds ; Popular index funds -- Researching your investments. Things to look for when researching investments ; Extra credit: more investing terms and definitions ; Clever girl investor: meet Adeola Omole -- Where and how to purchase your investments. Brokerage firms and robo-advisors ; Working with a financial advisor ; Practicing with simulation accounts ; Trading versus investing ; Clever girl investor: meet Jully-Alma Taveras -- Investing for retirement. Types of retirement investment accounts ; What to do when you leave your employer ; Tips to maximize your retirement investments ; Are you saving enough? ; Investing during retirement ; Clever girl investor: meet Faneisha "Fo" Alexander -- Simple investing strategies. The 3-fund portfolio investing strategy ; Alternative investing strategies: the 1-fund, 2-fund, 4-fund, and 5-fund portfolios ; Clever girl investor: meet Jamila Souffrant -- Keeping your investments on target. How does rebalancing work? ; When to rebalance your portfolio ; A common rule of thumb: 100 minus your age ; How often should you rebalance your portfolio? ; Target-date funds, robo-advisors, and portfolio rebalancing ; Letting go of a losing investment -- The deal with taxes. Income tax and capital gains tax ; Tax losses ; Minimizing your tax obligation -- Investing mistakes and pitfalls to avoid. Key investing mistakes and how to avoid them ; Clever girl investor: meet Regina Byrd -- In closing: Takeaways to remember. |
| Summary |
"Many young women today lack the financial literacy resources that speak to their demographic and lack the support to leverage their earnings to build real wealth. This lack of knowledge causes this demographic to be in the group of least likely to invest and build long-term wealth despite graduating college and opening businesses at record numbers. They are earning money but need the skills to grow it long term. This book will provide them with foundational investing skills, as well as introduce them to examples of women like them who have built wealth through investing, making the topic more attractive."--Provided by publisher. |
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