As we age, the demands of our skin, body, and health change; our money is no exception.
Now that I’m in my 40s, I am painfully aware that I have less time to build my nest egg than, say, a woman in her 20s. But what I lack in time, I try my best to make up for in cash. Ideally, the amount we should set aside for saving and investing should be proportional to our income. Earning more means being able to invest more, not just spend more.
Our risk appetite changes as we age and, also, as we reach certain milestones in life. Two women of the same age and income bracket can have vastly different risk appetites. Marriage, mortgage, and motherhood are just some of things that would determine how we invest.
It’s helpful to review your finances every year: How have your obligations changed? Are your financial or retirement goals different from last year’s? What does your investment portfolio look like?
According to the Her World What Women Want Survey, 56.2 per cent of the women surveyed started investing in their 20s, while 31.1 per cent started in their 30s. While 52 per cent of women invest monthly, the ones that don’t blame it on a lack of financial knowledge, closely followed by a lack of funds.
We speak to financial experts on how to break down our investing strategies, according to the age bracket you fall into. Remember, it’s never too early – nor too late – to start investing.
Investing in your 20s
In your 20s, you’re fresh out of school, and perhaps in your first job. It is also at this point in your life when you might be thinking, “Hey, it’s not that important to start investing now. I’m just barely making ends meet.”
This story is from the April 2023 edition of Her World Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 2023 edition of Her World Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Heritage in a Bottle
Crafted by Swiss perfumer Christine Nagel, Barenia is the first chypre fragrance from Hermes, a seductive scent that is a dance between the delicate butterfly lily and the vibrant burst of miracle berry.
Is my adult acne caused by hormonal changes?
Quinn Chen answers.
BEST IN CLASS
MOVING AWAY FROM INTRODUCING ENTIRELY NEW PRODUCTS, BRANDS SUCH AS SHISEIDO, CLE DE PEAU BEAUTE AND SULWHASOO HAVE CHOSEN TO GO BACK TO THE DRAWING BOARD TO ELEVATE TRIED-AND-TRUE FORMULAS. THESE ICONIC CLASSICS ARE MORE EFFICACIOUS AND LUXURIOUS THAN BEFORE.
Sneak Peek
We've got our sights set on these new must-haves that promise to breathe new life into tired-looking eyes.
ACTS OF SERVICE
Beauty brands are enticing customers with a range of in-store treatments and services that offer expert tips, demonstrations and pampering.
BREAKING DOWN THE BENEFITS OF HYALURONIC ACID
Here's why this popular skincare ingredient is a potent fix for dehydrated complexions.
November favourites
Here are some of the must-haves you will not regret adding to your beauty shelf.
Against the rules
Step into the dark side with grunge-inspired moody tones and smoky, smudgy eyes.
Is it ever a good idea to engage in online discourse?
Sarah Bagharib answers.
GO WITH THE FLOW
Half a month in Mongolia living with nomadic families and exploring the country's storied beauty taught senior advertising strategist Uli Chan the beauty of impermanence.