Investing can be tricky at the best of times; with endless options, instability in the markets, and several different voices suggesting that you invest here or there. Whether you're new to investing or a seasoned veteran, sometimes just getting clarity among all of the financial noise can be a challenge. Here are five investments you should make this year.
1. Your Retirement
Putting money into your 401k or IRA account for retirement should be your number one investment; whether you're 25 or 45, new to investing or been at it for years. Retirement is something that adults of all ages should be seriously thinking about. Ideally, you'll want to start saving in your 20s, but it's never too late to start putting away money for your golden years.
Retirement can carry a lot of costs; from medical care to food and housing to vehicle expenses and more. The type of lifestyle you want to have during your retirement will be a major factor in how much you save, but for the average person, saving at least 15% of your annual income per year is the suggested goal.
Retirement is a good investment. While it certainly carries some risk, which goes up depending on the vehicle you choose, the overall security of a retirement fund is tighter than with other investments. With a 401k, your employer will even match a percentage (sometimes as much as 60%) of your contributions; taking some of the burden to save for retirement off of you.
Planning for retirement can be stressful without any help or knowledge in the subject. Financial advisors are the perfect remedy for this issue; with years of expertise and certification to ensure their credibility, these financial experts will help you plan out your retirement savings and help you invest wisely. If you're in the market for an advisor, you can read about the best financial advisors on the Careful Cents site.
2. Emerging Markets
Fidelity Investments, one of the top investment firms in the country, suggests looking into emerging markets as potential investments instead of the home market for a few reasons. Besides being a potential long-term profitable investment, emerging markets tend to perform well under the right circumstances; making a careful selection of the right EM a smart investment move.
Investing in an EM can add diversity to your portfolio, putting you in a potentially high-value investment should the market perform well. With the "trade wars" going on between China and the US, the world's two largest economies, there are several opportunities available to invest in EMs. Talk with an advisor today to learn which investments are worth a shot.
3. Real Estate
Sites like Fundrise have become popular with investors in recent years, as they provide a more secure way to invest in the real estate market than traditional investing. You'll be investing in real estate notes or shares, and with returns of up to 12%, the site is certainly generating some serious buzz.
If you choose to invest with a company like Fundrise, however, it's important to remember that if the market takes a dive, you can't cash in your account and walk away from the investment. Your investments won't be considered liquid, so walking away from them is, unfortunately, not an option. This is why having diversity in your portfolio is so important; putting all of your eggs in one basket is never a good idea, especially in the investment world.
4. Peer-to-Peer Lending
Peer-to-peer lending has been around for a while, but it's a great way to get started with investing. Essentially, you'll be loaning money to individuals via the peer-to-peer platform (like Lending Club from California) and collect the interest payments on the loan. The site claims to have returns of around 4-7% per year, which isn't bad for beginner and veteran investors alike.
With a low correlation on the stock market, Lending Club's notes have a better chance of generating a return; with 99% of portfolios with 100+ notes seeing positive returns. Those are pretty good odds in the investing world. The best part about peer-to-peer lending is that you'll get principal and interest payments year-round. Think of all that you could do with a few thousand extra dollars per year!
With over 12 years in the business, Lending Club is one of the most trusted investment and personal lending platforms out there. If you'd like to see your money grow while performing a valuable service, peer-to-peer lending is for you.
5. Your Physical and Mental Health
While we're busy investing in types of income-generating assets, retirement accounts, etc., we often forget about ourselves; and how valuable investment in the self really can be. Investing in your physical and mental health this year will ensure that you'll be able to keep functioning at full capacity for years to come. Mental health is especially overlooked, particularly in the workplace.
Mental health plays a crucial role in our success and happiness, and investing in creating a better mental image of ourselves and the world can go a long way. Don't be afraid to spend some extra money on you this year. Invest in better food and eating habits or therapy if you're suffering from a mental health condition. The dividends on these investments can truly last a lifetime!
We are living in a time when women are rising to new heights which means they are regularly being confronted with the fear of being "too much". For women in business this is pervasive and costly.
A few ways women can be perceived as "too much" are:
Speaking up about their successes and achievements.
Sharing one too many photos of their cute kids.
Telling one too many people about that date night.
Looking a little too good in that swimsuit.
These can lead to being publicly attacked on social media or privately slandered which in turn leads to women dimming their light and walking on egg shells in hopes of avoiding conflict and judgement.
The minute a woman feels it's unsafe to shine she will begin to overthink, worry, and fear how she shows up in the world.
Forgetting to announce the book is done and the interview is live.
Choosing to focus on what's still on the to-do list rather than what's been checked off.
Many female entrepreneurs are subconsciously altering their behavior in an attempt to not attract too much attention to themselves, rather than focusing on allowing authenticity and magnetism to attract their ideal clients and community.
Women are afraid of being criticized, ostracized, and abandoned by other women for simply being who they are. This leads to quite the quantum when being who you are is simplest way to accelerate the growth of your business.
New research shows men are far more comfortable with self promotion than women are. Researchers found that men rate their own performance 33 percent higher than equally performing women. What we know is that self promotion pays off and this is where women are missing the boat.
The world needs more women to step into leadership roles and no longer be intimidated about creating six and seven figure careers.
Here are five ways to release the fear of being "too much":
1. Approve of yourself.
While it feels good to receive outside validation it will never be enough if you don't first appreciate yourself. The key to having a healthy support system is to make sure you are part of it. Being your biggest critic is what your mother's generation did. It's now time to be your biggest cheerleader. Becoming aware of self talk will reveal what belief is ready to be re-wired. Create a simply mantra that affirms how incredible capable you are.
2. Connect deeply to those you serve.
One powerful way to shift out of people pleasing behavior is to get clear on who actually matters to the wellbeing and success of your life and business. Leadership is not about being the most popular, instead it's a decision to be brave for those who can't be. Take a few minutes each day to visualize and meditate on those your business serves and supports. See your future clients moving toward you every time you choose to stand in your power and use your authentic voice.
3. Remember the legacy you wish to leave.
Having your life purpose and legacy in writing is one of the most transformational exercises you can do. Reading this often will keep you focused on what matters. Knowing what you wish to leave in the hearts of those you love most is incredibly grounding. You didn't come here to keep your mouth shut, dilute your truth, or dim your light-you came here to make a difference.
4. Forgive those who have been unsupportive in the past.
The past has a way of informing the future in a negative way when there is unresolved pain. Take a few minutes to get quiet and ask yourself who you have unforgiveness towards or maybe their name came to mind as you read this article. Listening to a forgiveness meditation or writing a letter to the person you are ready to forgive are both simple and effective ways to process and heal.
5. Be part a community of bright, successful women.
Meaningful relationships with others who have similar aspirations is what will keep you out of isolation and playing small. These connections can happen in a networking group, online community or a local Meetup. Thriving in every area of life is depend on you knowing where you belong and being celebrated there. Don't wait to be invited, go actively seek out people and places that support your dreams and desires.
6. Accept you can have it all.
Women have been fed a lie for generations that says, you can have love or money. Decide you can have it all and allow it to flow to you. You can have a successful career and an amazing mother. You can balance motherhood and loving marriage. Don't let anyone write the rules for you. This is the time to create the life you desire on your terms.
7. Celebrate everything!
The fastest way to leave the haters in the dust is to celebrate everything! At the end of each day lay in bed and recall the best moments. At the end of each week, publicly acknowledge and celebrate what's good in your life. Once a month, have a celebration dinner and share it with those who have helped you in the journey. If there's something good happening, talk about it with everyone who will listen!
May you be a woman who chooses to shine so that others may be reminded of all they can be and do.