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Advice From Confident Investors

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A few months ago, I asked readers to share their stories about how they became confident investors (see How to Be a Confident Investor. What you told me is that the spark can come from many different sources — and that should encourage women who are still finding their way or who would like to inspire a new generation.

For starters, family members often play a key role. “When I was 25, my mother implored me to open a savings account,” writes Christina Andersson. “That got me comfortable with other saving and investing vehicles, such as 401(k) plans, Roth IRAs and no-load mutual funds.” Make yourself financially literate, advises Andersson, who read the classic A Random Walk Down Wall Street,, along with Kiplinger’s and Money magazines. “Life is short, so max out your 401(k) and learn to love the Roth IRA.”

Lisa Miller says she “never felt a lack of confidence” because she followed her grandmother’s example,........

© Kiplinger