Poor investment advice to women
September 10, 2019
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M Research shows that women are advised to invest in lower return products which reduce long term gains. What offers us the best return? Equities have outpaced mutual funds, bonds, and savings accounts.
V Historically, a basket of equites has earned 7% annually over the past decades. The S & P 500 returned an average of over10 percent a year from 1985 to 2015. In same time, the average investor earned just over three percent. Why? Many put money in mutual funds. Others pick what’s in the fund without your input, and charge 2% annually for oversight, whether their picks went up or down.
M And there are other hidden costs. Thankfully more information is available to all of us. Let’s make wise choices.