YOU ARE A SMART WOMAN, BUT DO YOU STILL:
—Feel you’re too busy to invest your money?
—Rely on someone else to deal?
—Get bored by financial talk?
—Think that investing is something only men do?
—Worry you’re not smart enough?
Women have made strides in so many areas and yet we still have a blind spot when it comes to managing our money. Why?
A myriad of factors cause women to earn less than men over a lifetime, making it all the more imperative that we make the money we do have work for us as much as possible. And here’s a reality check: as many as nine out of ten of us will have to manage our finances and those of our family at some point in our lives. And a lot of us think that means keeping our money “safe” in savings accounts, and not investing it. But not doing so has an opportunity cost that will lead to opportunities lost—the ability to pay for a college education, own a home, change careers to pursue a dream, or retire.
Alice Finn wants to change how you think about your money, no matter how much or little you have. In Smart Women Love Money, Finn paves the way forward by showing you that the power of investing is the last frontier of feminism. Drawing on more than twenty years of experience as a successful wealth management adviser, Finn shares five simple and proven strategies for a woman at any stage of her life, whether starting a career, home raising children, or heading up a major corporation.
Finn’s Five Life-changing Rules of Investing will secure your financial future:
1. Invest in Stocks for the Long Run: Get the magic of compounding working for you, starting now.
2. Allocate your Assets: Strategize your investing to get the most of your returns.
3. Implement with Index Funds: Take advantage of “passive” investing with simple, low-cost, and diverse funds.
4. Rebalance Regularly: Sell high and buy low without much effort, to keep you on track toward your goals.
5. Keep Your Fees Low: Uncover hidden fees so you don’t lose half of your wealth to Wall Street.
Finn will also provide the tools you need to achieve long-term success no matter what the markets are doing or what the headlines say. So even in the face of uncertainty— such as the possible dumping of the fiduciary rule (requiring financial advisers to act in their client’s best interests) by the Trump administration—Smart Women Love Money will help you protect yourself and all of your assets for your future.
Whether you have $10, $10,000, or more, it’s time to get smart about your money.
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About the Author
Alice Finn is a wealth management expert. She was featured as “The Giant” by Barron’s in its inaugural list of the Top 100 Independent Financial Advisers, and she has appeared as a top financial adviser on CNBC. Alice has also been named repeatedly by Worth Magazine as one of the Top 100 Wealth Advisers in the United States. She is the CEO of PowerHouse Assets LLC, a firm she founded to help women become more engaged in their important financial futures. Prior to that, Finn was cofounder, CEO and Chief Investment Officer of Ballentine, Finn, and Company Inc., ranked #1 Wealth Manager by Bloomberg, where she grew the firm’s assets under advisement to $5 billion. Under her leadership the firm was consistently named by Charles Schwab as among the industry’s best-managed firms. Alice Finn, CFP ®, has an AB from Harvard, a MALD from The Fletcher School at Tufts and a JD from Harvard Law School.
Table of Contents
Introduction: Smart Women Love Money-What Does That Mean? 1
1 The Five Fundamentals: Why Investing Doesn't Have to Be That Complicated 23
2 The First Fundamental: Invest in Stocks for the Long Run 39
3 The Second Fundamental: Allocate Your Assets 61
4 The Third Fundamental: Implement Using Index Funds 97
5 The Fourth Fundamental: Rebalance Regularly 121
6 The Fifth Fundamental: Keep Fees Low 137
7 Getting Started and Staying on Track with the Five Fundamentals 155
Epilogue A Financial Future So Bright You Can Pay It Forward 181
Questions to Consider Asking a Financial Adviser 199
About the Author 229
Most Helpful Customer Reviews
This is a book that is useful for people across the lifespan: saving for children’s education, beginning a work life, in retirement. Essential for those starting their careers with the need to plan for retirement, it’s also extremely helpful to those of us already retired to keep our financial resources as safe and productive as possible to continue to meet our financial needs. An often intimidating topic is made logical and manageable. Complex ideas are presented in a clear fashion, and the structure of the book adds to that clarity. In addition to her knowledge and experience, Ms. Finn’s engaging style makes this book very readable. Readers are led step by step through the decisions that need to be made, the factors that must be weighed, and the strategies to implement the decisions. Data and references back up the perspectives and recommendations presented.
A very intelligent, easy-to-read and useful book on how to invest. While the "Five Principles," (stocks for the long run, asset allocation, use of index funds, regular rebalancing and keeping fees low) apply to everyone, Finn helps women to engage by acknowledging the cultural reasons we tend to avoid the subject of money. She manages to debunk the myths and eliminate the excuses without ridiculing those of us who have fallen prey. The tone of the book is friendly and familiar. Even though this is a topic I really don't like to read about, let alone think about, it felt as though the author were right there, perhaps serving me coffee and saying: "This isn't as difficult as you were led to believe. You can do it." In my case, the book looked like a good way to check the assumptions and process my long-time financial planner has used for me, a check to see whether I might be missing something. After formulating and getting answers to some questions, I was relieved to see that we are on the right track. I am now impatient for my children to read the book, which has practical advice for folks just starting out as well as for older people, whether wealthy or not. Finn gives a sincere pep talk and practical next steps to people who feel they have squandered financial opportunity for a variety of reasons, for people who may not even know where there money is. The book is anti-fad but up-to-date. All the general principles are backed by research, but the tone is conversational, not scholarly. I recommend Smart Women Love Money for do-it-yourselfers and for people like me who rely on professional advice. Guys too.