Financial Coaching
for Women

Yes, a little basic knowledge is important, but you will acquire that quickly. You don’t have to invest a lot of time, because some smart women have already done that for you.
My top stock market women are Madame Moneypenny and Beate Sanders (German Ladies). Spend some time on yourself and read up on these topics, and the first step is already done. As Beate Sanders says so well: First book, then internet, then online trading. That’s it. You will soon realise that investing is not witchcraft and that you can do it easily by yourself.
You open your brokerage account, think about your strategy and buy your first positions. Then you sit back and watch your independence grow.

You don’t have to start big. Even with small but regular contributions you can build up financial security. So if you don’t earn much, try to save 10% of your salary (but at least 50 Euros per month if possible) by automatically transferring this money directly into your savings scheme on the day you receive your salary. You will see that you won’t even notice the missing sum, because you practically never see it. But after a while, the amount will show up in your deposit and start generating value for you.

On the contrary: it’s never too late to start and it’s always, always, always worth it. Life expectancy is increasing: a girl born today has an average life expectancy of 83 years. So investing money is still worthwhile at 65. Every day you wait for something is a day lost.
If you save 100 euros every month for 10 years, you will have a maximum of 12,000 Euro in your savings account (without inflation, which reduces the value of your money). If you invest the money, you will have 17,200 Euro in your securities account, calculated with approx. 7% interest. That is 5,200 Euro more generated with the same amount “work” – do you want to give away so much money just like that? This doesn’t even include potential dividends. You can easily calculate your own model at Offerio (happy compound interest): http://www.offerio.de/sparplan-rechner.php.
Beate Sanders started with investing at the age of 60 and turned 30,000 Euro into over 2 million Euro in 20 years.

And if the marriage fails or he can no longer work because of health reasons? These are scenarios that no one wants to imagine, but it’s much easier and more carefree to love and live when you have your own financial feet on the ground. Besides, are you sure he’s investing your money wisely? Maybe you do it better ;) 

Almost all online banks offer free brokerage accounts. There are always tests on this. For example, here: https://madamemoneypenny.de/aktiendepot-konten (GERMAN). I’ve had mine at ING-DIBA for years and I’m very satisfied with it. If you would like to open one there as well, please use the following link: https://www.ing.de/depotkwk/a/FhStoEueTB*.
For every new customer acquired, 40 euros are donated to Unicef. This way we will do something good together and helped others with your step into independence. 
*PS: This is not paid advertising, I use the depot myself too and receive nothing except this Unicef donation for my recommendation. 

As I said, it’s not witchcraft. Just think about what’s happening in the world right now: what are the future trends? Which goods are needed and which companies benefit from the demand? For example: healthcare products, digitalisation, robotics, artificial intelligence, water and waste management, energy, cyber security and many more.
In the stock market, you have a very wide choice. All sectors in all regions of the world are rarely declining at the same time. However, if you use your money to buy shares in only one company, you are taking a big risk. But you can also buy shares in companies from various sectors and countries of the world. In this case, the risk is widely spread.
This does not mean that you have to invest in hundreds of individual shares to minimise your risk, because there are other products for this, e.g. ETFs (Exchange Traded Funds). The best known, for example, is the MSCI World. It contains shares of over 1600 companies. So with one investment you buy shares in more than 1600 companies worldwide. You can’t spread the risk any further than that. There are many different ETFs – for the DAX or other indices, for example, for technology companies, for emerging markets, sustainable companies, etc.

Yes there are crises, like the one we have right now, but smart women buy when valuations are low. So there is no better time to get in. After a crisis, there is also a high. That simply has and will not change, never, never, never. The biggest risk is not taking any risk.

To start with, I recommend that you only invest in companies, ETF or shares that you believe in for the long term and just leave them in the portfolio. So you don’t need to invest much time in managing your portfolio, except for the time you invested in your research at the beginning. When you become more courageous and want to risk a little more, you can delve deeper into the subject. Beate Sanders’ books are my favourite source. She has developed the high-low courage strategy. Never invest without knowledge and also never touch your nest egg.

Ok, a lot of women have that problem. When you meet up with your friends or colleagues, instead of talking about kids, clothes or your job, just agree to talk about finances once a month. Support and give each other advice. I am organising an online Money Roundtable once a month. With wine, water or tea, we discuss financial topics in an hour in intimate company.
The Money Stammtisch is currently available only in German. Drop me a message, if you are interested to have an English one. If there are more ladies, I will set this up.