over 3 years ago • 1 min
Extensive research shows that women both control the majority of spending around the world and achieve better investment returns than men. Despite this enormous economic power, the male-dominated world of finance has left women out. According to the investment manager BlackRock, women invest less money, keeping 71% of their total wealth in cash, compared to 60% for men.
Ellevest’s lead financial planner Rachel Sandborne Lawrence shares why leaving women out of finance is a huge mistake, and what women can do to reach their financial goals. She also highlights three critical metrics most financial advisors ignore when working with female investors.
This knowledge can help anyone become a smarter investor.
Disclaimer: These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment advisor.