Clever Girl Finance Learn How Investing Works, Grow Your Money

by Sokunbi, Bola

• ISBN13: 9781119696735
• ISBN10: 1119696739
• Edition: 1st
• Format: Paperback
• Copyright: 2020-10-20
• Publisher: Wiley

Summary

Learn the basics of investing with this approachable guide to the world of finance 

Clever Girl Finance: Learn How Investing Works, Grow Your Money is the leading guide for women who seek to learn the basic foundations of personal investing. In a no-nonsense and straightforward style, this book teaches readers:

• Exactly how investing works and what you should be doing, no fancy finance degree required
• How to leverage investing to build long term wealth even on a modest salary
• The key pitfalls to avoid in order to become a successful investor
• How to build a nest egg and invest in your future
• Insights from real-world success stories from other "clever girl investors" 

Clever Girl Finance teaches readers the irreplaceable value of investing for long-term financial gain, and the difference between making money and building wealth. 

Written for any woman who’s ever sought out an accessible introduction to the world of investing, this book is especially suited to women interested in learning how investing works and taking guided action towards their financial success. 

Author Biography

BOLA SOKUNBI is a Certified Financial Education Instructor, author, influencer, and finance expert. She's also the CEO and founder of Clever Girl Finance, a platform that educates and empowers women to achieve their own financial independence and freedom.

Table of Contents

About the Author

Acknowledgments

You are in the right place! Get ready to become a clever girl investor!

How to use this book

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 U.S.

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, & 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 & 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 & 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 vs. 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

Index