Women in Wealth – Goodbody Experts

LAURA DeVOY, CFA, Director, Goodbody Wealth Management 

1. Only invest what you can afford to lose.

2. Trust your own judgement.

3. Invest in companies that you understand and that make products you use. If you like them, chances are others do too.

ÓRLA TOBIN, Head of Goodbody Private

1. Speak to your financial advisor to understand your needs and goals in the short-term, medium and long-term.

2. Start now, don’t wait. The earlier you begin, the more you will benefit.

3. Expect and accept the ups and downs, ride them out.

CATRIONA COADY, Head of Tax, Goodbody

1. Know the basics.

2. Keep up to date.

3. Trust your instincts.

SARAH QUIRKE, Head of Investment Solutions, Goodbody

1. Walk before you can run: start off investing smaller amounts, get comfortable with the volatility in markets and what level of risk you are comfortable with before you start investing large sums. Typically, this means you’ll be more comfortable in periods of market volatility and will stick to the plan rather than panic selling.

2. Diversify: this is one of the best methods to reduce risk. Consider different companies, sectors and asset classes. Essentially, don’t put all your eggs in one basket.

3. Take advice: investing any significant sums of money is a big financial decision and professional advice ensures that your investments are suitable for you. It can also be valuable in introducing you to a wider investment universe, for example, certain special opportunities like private equity funds.

CAROLINE ELLIOTT, Financial Services, Goodbody

1. Educate and empower yourself to take control of your own finances.

2. Start a pension and seek advice from a financial advisor. Small changes now make a big difference to your future.

3. Investing is like a rollercoaster, be prepared for ups and downs.

MAURA O’NEILL FCCA AITI QFA, Senior Portfolio Manager, Goodbody

1. Give it time (be patient).

2. Keep it simple.

3. Stay diversified.

SANDRA MANNING, Wealth Management Executive, Goodbody 

1. Keep it simple, diversify your investments and don’t panic!

2. Once you have a suitable spread and the appropriate time horizon, it’s important to stay invested.

3. There will be bumps along the way as we have seen in recent years. Remember this and don’t sell in a panic.

KATE WALLEY, Senior Wealth Management Executive, Goodbody

1. Seek investment advice and educate yourself.

2. Ensure you diversify across asset classes and sectors accordingly.

3. Only invest what you are comfortable with losing.

JESSICA KWONG, Senior Portfolio Management Specialist, Goodbody  

1. Begin with investing only what you can afford to lose.

2. Pick a few stocks that you like and are familiar with.

3. Try diversifying across different sectors (healthcare, consumer staples, tech, etc.)

SEE MORE: Meet the Goodbody Team of Wealth Experts