Women, it is time we step up to the investment plate and take control of our finances! Invest in ourselves. Don’t leave it up to the men in our lives. We can do better than that. We are worth it! Yes, it will take some education, maybe a lot of it, but we are so worth it!
Alarming stats of women’s financial futures!
Here are some alarming stats I’ve found:
Do you know that:
- only 12% of women are “very confident” that they will be able to retire with a comfortable lifestyle?
- That 32% of women expect Social Security to be their primary source of retirement income?? This is according to Transamerica Center for Retirement Studies research published November 2019.
An 11-country survey conducted by S&P Global with SurveyMonkey found that only 39% of women think they are in excellent or good financial shape while 60% feel they are in fair or poor shape. How about this: did you know that only 26% of women invest in the stock market?
Studies show women do better in stock trading!
And yet, women who do invest in the stock market tend to do better than our male counterparts. According to research by Warwick Business School carried out on behalf of Smart Investor, women’s returns on their investments were on average about 1.2 percentage points higher than men. Researchers surveyed 2,456 investors, of which 450 were female, between April 2012 and July 2016. The report went on to say that women trade less often than men and tend to have larger portfolio sizes than men. They also hold onto their investments for longer too, for an average of 875 days compared to 830 for men.
Follow My Journey
So, ladies, we can do this! My goal with this blog is for you to follow an average woman with no formal financial education outside of hard knock life experiences as she jumps into the stock market with no life preserver. Just a little common sense and a strong desire to be as educated as she can be. See Yes, You CAN Learn About Investing! You will watch her (me) sink or swim! My hope is that I will inspire some of you to take control of your finances so that you can become financially independent and build wealth.
Just to be clear, I am no expert, and I will not be giving you advice on what stocks to buy or sell. I will let you know what I’ve done and how it turned out (good, bad, or even ugly.) See my Weeks in Review reports. All the brutal details are in them. I will pass on what I’ve learned and how it helped or hurt me. I certainly could have used some of this advice before this bear market as it was expensive tuition! So here’s to you starting off smarter than I was! We are women, hear us roar!
Until next time,
Linda Davis (“Publisher”) provides this website (www.stockmarketgal.com) for informational purposes only. All information on this website is information of a general nature and is not intended to provide specific advice or recommendations for any individual or entity or on any specific security or investment product. In reading this website, you understand that Publisher is not advising you personally concerning the nature, potential, value, or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. In making an investment decision, each investor must rely on his, her or its own examination of the investment, including the merits and risks involved, should consult with his, her or its own investment, trading, financial, legal, tax, accounting and other advisors, and should not construe any information on this website as investment, trading, financial, legal, tax, accounting or other advice. From time to time, Publisher or her affiliates may hold positions in securities discussed on this website and will disclose those positions if applicable, but neither Publisher nor any of her affiliates receives any compensation from the issuers of any securities discussed. Publisher does not warrant the accuracy or completeness of any information provided, either expressly or impliedly, and expressly disclaims all warranties of any kind.