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Article: Diversifying for growth: Lisa Battle is replacing an aggressive investment strategy with a more moderate approach. (Investment Strategies).
- Article from:
- Black Enterprise
- Article date:
- August 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Like many married women, Lisa Battle let her husband handle the family finances, including their retirement accounts. "He was just better at that," she recalls. "It was something that he wanted to do, so I just followed his lead."
That was fine until she divorced her husband and had to invest money on her own. Having only done temporary work during her 15-year marriage, Battle had never invested her own money before. Now, she was taking on a full-time job that came with a 401(k) investment plan, and she also had a lump-sum settlement to invest right after her divorce was finalized in 2000.
Battle laments, "I was not very knowledgeable about the stock ...