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Women and Financial Money Management

Trish RadgeWhilst it may be a generalisation, too many women leave the family finances to their husband to manage. As a result, if a couple split up, the woman often does not know how to access funds, how much money or assets they hold or if she has adequate superannuation, if any. Whilst no one plans to get divorced, with the Australian divorce rate currently standing at 40% it is wise for woman to play a role in managing the family finances.

If you are in a relationship where finances are shared then it is your responsibility to know what you own, where it is held and the names or entity it is held in. If you allow your partner to manage your affairs, at least get regular updates on your financial position - monthly when the statements come in is a good

Ask questions. Keep a list of all accounts, assets etc in a safety deposit box or a safe, including how to access these if something should happen to your partner.

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Stock Market Training

How much should you pay for a stock market newsletter?Important points to consider if you are going to sign up to a stock market newsletter, advisory service or training course: Value for money. Whilst everyone deserves to be paid for quality services, if a product or service sounds too expensive, then it is. If you spend too much on trading advice, education or training you will erode your trading capital – i.e. your trading account. If a company uses a hard sell approach, you may want to question their validity as well. A quality trading newsletter or trading education service will only need to use word of mouth to get you on board. If their clients are happy they will tell their friends. There is a difference between trading and gambling. Which one are you being taught? Trading comes down to a few very simple rules – you make money when the market is going up, you lose money when it is going down.

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