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Women in Crisis, Fleeing Stocks, & More
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Women are affected financially by a life crisis more than men, found a survey by the American Association of Retired Persons. Divorces, death of a spouse, long-term job loss, and serious illness or disability, on average leave women worse off, than men.
The death of a husband left 46 percent of women in a financial bind, the survey found, compared to the death of a wife which left just 17 percent of men in trouble. Divorce required 74 percent of women to reduce their expenses, compared to 59 percent of men.
Jumping ship
Some investors were hurt by fleeing the market during the 2008 down-turn. The mutual fund industry's trade group reports that $205 billion was pulled out of stock mutual funds at the market's lowest point, between September 2008 and March 2009. Meanwhile, almost half of "previous investors" surveyed by AlixPartners, a financial firm, said they had stopped or reduced their investing.
Chief market movers
The first year of a presidential term can lead to wildly different market results. The Dow Jones Industrial Average soared by 97 percent during the first term of one Democrat, Franklin Delano Roosevelt, and plummeted by 20 percent during the first year of another Democrat, Jimmy Carter. The first George Bush saw a 20 percent gain, while the Dow dropped by 8 percent during his son's first year.
©OSB Financial Services, INC. rights reserves.Information has been obtained form sources believed to be reliable, but its accuracy and completeness and the options based thereon, are not guaranteed. Always consult your a financial adviser and prospectus before making an investment
©2009, Kelly Ruggles Web site
Kelly C. Ruggles is a fee-based financial planner located in Spokane.
Kelly C. Ruggles, President of American Reliance Group, Inc., a registered investment advisor.
Kelly Ruggles is the author of "The Financial Playbook" for Retirement
Kelly C. Ruggles does not intend to provide personalized investment advice through this publication and does not represent the strategies or services discussed are suitable for any investor. Investors should consult with their financial advisors prior to making any investment decisions
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