beauty & the bull magazine - may 2014 - emotional investing
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This is a free sample of Beauty & The Bull Magazine issue "May 2014 - Emotional Investing" Download full version from: Apple App Store: https://itunes.apple.com/us/app/id708265258?mt=8&at=1l3v4mh Google Play Store: https://play.google.com/store/apps/details?id=com.presspadapp.beautyandthebullmag Magazine Description: Welcome to the re-launch of Beauty and the Bull Magazine. If this is your first time reading our online interactive publication, I can assure you that you will feel empowered and ready to take your finances to the next level. With all the acronyms and abbreviations, we understand that financial planning can be difficult and the choices complex. For this reason, many women have delayed investing or don’t invest at all. In fact, 86% of women say that they are not confident in choosing financ... You can build your own iPad and Android app at http://presspadapp.comTRANSCRIPT
MAY 2014
WOMEN’S INVESTOR INTELLIGENCE MAGAZINE
investing fearlesslyHOW TO FIGHT FINANCIAL FEARSLEARN TO LIVE WELL AGAINTIPS TO BATTLE SELF-SABOTAGE
EMOTIONAL INVESTING: THE REAL FINANCIAL PROBLEM UNCOVERED
BREAKING BAD:REINVENT YOUR PORTFOLIOREINVENT YOUR MIND
INSIDER SECRETS TOSAFEGUARD AGAINST RISK
WOMEN VS. MEN:GENDER INVESTING DEBUNKED
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18
15
Contents
FALSE MONEY BELIEFS
FINANCIAL INTIMACY Q&A WITHJACQUETTE M. TIMMONS
BEHAVIORAL FINANCE:THE EVOLUTION OFFINANCIAL PLANNING
MUST READ BEFORE INVESTING
8
DOES WARREN BUFFETREALLY INVESTS
LIKE A GIRL?
26
MAY 2014 COMPANY INFO 4PUBLISHER’S NOTE 5
22
WOMEN BETTER INVESTORS THAN MEN DEBUNKED
11
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Q1/Q2
Contents
MARKET PERFORMANCE REVIEW & PERFORMANCE FORECAST
DO YOU HAVE A MONEY DISORDER?
37
VIDEO: FINANCIAL
FRIENEMIES
36
39
35
VIDEO: SELF WORTH VS. FINANCIAL WORTH
BREAKING BAD: TIPS FORSTOPPING THE EMOTIONAL MONEY ROLLER COASTER
PLAN6
IN EVERY ISSUE:
LIVEINVESTFOR THE FUTURE IN THE NOW
15 23FOR TODAY
Q & A WITH FINANCIAL SOCIAL WORK FOUNDER, REETA WOLFSOHN, CSW
41
29
Cover Art Photo Credit: Bruna Schenkel via Compfight
COPYRIGHT ©2014 BY THE PROHAUS GROUP, LLC. All rights reserved.
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SUBSCRIPTIONS
Your connection to all things women & investing.
INVESTING IDEAS.PEER SUPPORT.ADVISOR NETWORK.
Connect with unbiased investing insights, support groups, supportive peers, and professionaladvisors. Join the Beauty & The Bull Investor Network today.
5 BEAUTYBULLMAG.COM / MAy 2014
There’s been recent media hype that women make better investors than men? I have to admit those recent media headlines made me walk a little taller with my chest out like I was physically built like Kim Kardashian. I my mind, my new found financial mindset and outlook definitely made me feel like a millionaire celebrity with the perfect house, car, and man candy. Wow the power of the media! But in usual McKenzie Slaughter signature form, I pondered more about what I actually gained from this media high. Did it increase my bank account? Did it urge me to create a brokerage account? Did it spark me to have more conversa-tions with my girlfriend’s about placing a stock option on Facebook and Twitter? Of course not. So what was the benefit? Was it just the feeling of having investor confidence? And is that what investor confidence really feels like?
It’s really important to understand your true feelings, behaviors regarding investing and not whatsomeone else wants you to believe. Before “Leaning In” and becoming financially savvy, we firsthave to understand what we’re leaning on. What’s supporting our need and notion to lean infinancially? In this issue, we spoke with several financial behavioral professionals whose passion is to help women (and men) understand the hidden and traditional thinking that directly affects the
actions we take when planning for retirement, choosing stock options or mutual funds, overspend-ing, or not simply not addressing our financial fears and needs at all.
Our course this issue would not be complete with-out fully debunking the theory that women make better investors than men. I absolutely agree that men are from mars and women are from venus but when it comes to finances & investing, we face the same pressures, fears and needs. Our individual-ly approach is what can truly set us apart. I urge to be more aware of your feelings when you pay your bills, purchase that expensive handbag, or just talking about money with your partner. This month I challenge you to keep an “emotional money” jour-nal and pencil in your thoughts and feelings regard-ing your finances throughout the day. Think you’ll be surprised how many positive and negative feel-ings you harbor about money. Mindful awareness is the first step to overcoming your investing fears,goals, and wishlist. Share your experiences in our Money Diary group on www.beautyandthebull.com. Let’s help each other tackle our fears and help take those critical steps towards investing.
McKenzie M. SlaughterFounder & CEO
Publisher’s Note
Men are from Mars. And women are BETTER INVESTORS
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SPECIAL THANKS...A special thanks to all of our readers, developers, contributors,
writers, editors, and everyone else who has made this issue possible.
“The common money pattern among women is avoidance. We must understand ourselves and unravel the pain for true financial healing.”Deborah Price is the Founder and CEO of The Money Coaching Institute, which provides money coaching and training to both individuals, couples and corporations. A former financial advisor for over twenty years with leading financial firms, Deborah left the financial industry to pioneer the field of Money Coaching. Deborah has developed a unique, step-by-step coaching program that helps clients move beyond barriers to their personal and financial success. As a result, client’s experience renewed hope, confidence, and enhanced financial success.
“Believing that you can solve money problems with money is one of the biggest false money beliefs...”
I combined my finance training and inherent fascination to focus on the psychology + emotions
of money. Ever since, I’ve been a bit of rebel shaking up the personal finance industry with the message
that “money is never just about money.” I show people how to alter their relationship to and
with money – by changing their behavior; I show individuals and couples how to have greater
clarity, intimacy, confidence and control – the ingredients they need to win the money-game.
ELIZABETH DUNNPSYCHOLOGY PROFESSOR
CO-AUTHOR, HAPPY MONEY
DEBORAH PRICETHE MONEY COACHING INSTITUTE
“Abundance, it turns out,is the enemy of appreciation.”
Dunn is an associate professor in the Department of Psychology at the University of British Columbia, where she conducts original research on self-knowledge and happiness.
JACQUETTE M. TIMMONS
FINANCIAL BEHAVIORIAL COACH
LOUANN LOFTONAUTHOR, WARREN BUFFETINVESTS LIKE A GIRL
“Everybody has a long way to go to be investment savvy.”
LouAnn Lofton has been proudly investing “like a girl” since she was a girl. Her quest led her to Warren Buffett in 1994 and The Motley Fool in 2000, where she rose to the position of managing editor of Fool.com--an award-winning financial education website visited by more than five million visitors each month.