Dr. Judith Gerhart, CFP
Certified Divorce Financial Analyst 
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Financial Independence For Women
November 20, 2008
Step One: Set Goals. Your financial goals may be as short term as saving to buy a car or as long term as saving for retirement. The key is to be realistic and specific–and to start as soon as possible.
Step Two: Organize Your Finances. You’re a woman with goals. Now determine where your finances stand.
Step Three: Allocate Your Resources. Once you know how much money you are able to invest, determine the structure of your portfolio—that is, how much should be invested in stocks, how much in bonds, and how much should remain in cash.
Step Four: Select Your Investments. Keep in mind that a portfolio structured with some combination of stocks, bonds and cash is most likely to be well positioned to achieve the maximum return with the least amount of risk.
Step Five: Monitor Your Results. Financial planning is an ongoing process. Your needs and objectives will change throughout your life, and you should adjust your investment portfolio to reflect these changes.
By: WomansDivorce.com
Posted by Judith Gerhart on November 20, 2008 | Permalink | Post a comment
Topics: Divorce, Finance, Tips |
