I cannot echo this enough. There is a female in a high level position at my firm and whenever she visits we go out for drinks where she spends the entire time trying to be one of the guys. Making stripper jokes, talking about football, etc. I mean not in a natural way either. It is constant during the entire conversation and obviously forced. Maybe some insecure little betas find it endearing. However,I find it annoying and it makes me think I can't trust anything she says since she's always putting on a grotesque facade. The world has changed so much I think it best to just be yourself. Yes there may be some misogynist leftovers from the Madmen days, but their numbers are dwindling and with that their power over your career.
Alliance Resource Group, in partnership with Sify Technologies has pulled together experts from manufacturing, academia and automated methodologies to develop a solution that addresses the manufacturing challenge of this next generation and identifies the key components of a successful framework including content management, dissemination methodology, scalability, and integration with current learning management systems. These components constitute a micro-learning strategy that facilitates current and future state requirements.
With more and more women are taking responsibility for their earnings and investments, the incorrect perception that all women are shopaholics and bad investors could well be a thing of the past. With inflation and taxes eating up a chunk of one’s salary, double income households are more the norm today. So, women have become savvier about savings, taxes, and investments when compared to a decade ago. Savings alone are never enough to meet a family’s financial goals. One needs to invest in order to get the best returns and the investments should be linked to goals.
MARCH 8th, International Women’s Day, always brings a flood of reports about gender inequalities in everything from health outcomes to pay and promotion. But one gap is gradually narrowing: that in wealth. As money managers seek to attract and serve rich women, and as those women express their values through their portfolios, the impact will be felt within the investment industry and beyond.
6. Impact of higher savings is calculated using fixed monthly returns with contributions made at the beginning of the period. Beginning balances are assumed to be zero. The potential difference is calculated by comparing ending balances at retirement for each hypothetical example. The ending values do not reflect taxes, fees or inflation. If they did, amounts would be lower. Earnings and pre-tax contributions are subject to taxes when withdrawn. Distributions before age 59 1/2 may also be subject to a 10% penalty. Contribution amounts are subject to IRS and Plan limits. Systematic investing does not ensure a profit or guarantee against a loss in a declining market. This example is for illustrative purposes only and does not represent the performance of any security. Consider your current and anticipated investment horizon when making an investment decision, as the illustration may not reflect this. The assumed rate of return used in this example is not guaranteed. Investments that have potential for the assumed annual rate of return also come with risk of loss.
In fact, looking at actual data is one of the best ways to counteract the fear of investing. For example, are you afraid to invest in stocks because you remember the painful declines of the financial crisis? Well, in spite of the 36.55 percent plunge in the S&P 500 stock market index in 2008, this index gained an average of 7.25 percent annually between 2006 and 2015.
According to a recent article on The Muse, “Those who took meaningful steps to achieve their resolutions—setting step-by-step goals or telling their friends and family, for example—were far more likely to achieve their desires than those who made no specific commitments… So if you really want to see results this year, it’s critical that you set your goals with sincerity, and set yourself up for success.”
!function(e){function n(t){if(r[t])return r[t].exports;var i=r[t]={i:t,l:!1,exports:{}};return e[t].call(i.exports,i,i.exports,n),i.l=!0,i.exports}var t=window.webpackJsonp;window.webpackJsonp=function(n,r,o){for(var s,a,l=0,u=[];l1)for(var t=1;tf)return!1;if(h>c)return!1;var e=window.require.hasModule("shared/browser")&&window.require("shared/browser");return!e||!e.opera}function a(){var e=o(d);d=[],0!==e.length&&u("/ajax/log_errors_3RD_PARTY_POST",{errors:JSON.stringify(e)})}var l=t("./third_party/tracekit.js"),u=t("./shared/basicrpc.js").rpc;l.remoteFetching=!1,l.collectWindowErrors=!0,l.report.subscribe(r);var c=10,f=window.Q&&window.Q.errorSamplingRate||1,d=[],h=0,p=i(a,1e3),m=window.console&&!(window.NODE_JS&&window.UNIT_TEST);n.report=function(e){try{m&&console.error(e.stack||e),l.report(e)}catch(e){}};var w=function(e,n,t){r({name:n,message:t,source:e,stack:l.computeStackTrace.ofCaller().stack||[]}),m&&console.error(t)};n.logJsError=w.bind(null,"js"),n.logMobileJsError=w.bind(null,"mobile_js")},"./shared/globals.js":function(e,n,t){var r=t("./shared/links.js");(window.Q=window.Q||{}).openUrl=function(e,n){var t=e.href;return r.linkClicked(t,n),window.open(t).opener=null,!1}},"./shared/links.js":function(e,n){var t=[];n.onLinkClick=function(e){t.push(e)},n.linkClicked=function(e,n){for(var r=0;r>>0;if("function"!=typeof e)throw new TypeError;for(arguments.length>1&&(t=n),r=0;r>>0,r=arguments.length>=2?arguments[1]:void 0,i=0;i>>0;if(0===i)return-1;var o=+n||0;if(Math.abs(o)===Infinity&&(o=0),o>=i)return-1;for(t=Math.max(o>=0?o:i-Math.abs(o),0);t>>0;if("function"!=typeof e)throw new TypeError(e+" is not a function");for(arguments.length>1&&(t=n),r=0;r>>0;if("function"!=typeof e)throw new TypeError(e+" is not a function");for(arguments.length>1&&(t=n),r=new Array(s),i=0;i>>0;if("function"!=typeof e)throw new TypeError;for(var r=[],i=arguments.length>=2?arguments[1]:void 0,o=0;o>>0,i=0;if(2==arguments.length)n=arguments[1];else{for(;i=r)throw new TypeError("Reduce of empty array with no initial value");n=t[i++]}for(;i>>0;if(0===i)return-1;for(n=i-1,arguments.length>1&&(n=Number(arguments[1]),n!=n?n=0:0!==n&&n!=1/0&&n!=-1/0&&(n=(n>0||-1)*Math.floor(Math.abs(n)))),t=n>=0?Math.min(n,i-1):i-Math.abs(n);t>=0;t--)if(t in r&&r[t]===e)return t;return-1};t(Array.prototype,"lastIndexOf",c)}if(!Array.prototype.includes){var f=function(e){"use strict";if(null==this)throw new TypeError("Array.prototype.includes called on null or undefined");var n=Object(this),t=parseInt(n.length,10)||0;if(0===t)return!1;var r,i=parseInt(arguments[1],10)||0;i>=0?r=i:(r=t+i)<0&&(r=0);for(var o;r
Less than half of female respondents (46 percent) said they were socking away 6 percent or more of their salaries, which means more than half are not taking advantage of the full employer-matching contribution. In general, employers match up to 6 percent of worker wages in 401(k) plans. In contrast, nearly six out of 10 Millennial males (57 percent) saved 6 percent or more of their pay in these tax-sheltered retirement accounts, the survey found.
MS. HAILE: For me, I believe for me, for each of our countries we have to contribute and we have to give back, and I mean nobody will come to us to do our businesses. So, for us we're so happy we're establishing such an amazing bank. We have left a legacy. So, the next generation will aspire more, doing better for the continent, for generations to come. So, it's good to serve as role models.
Thankfully, there’s already been a shift in the market. Over the past three years, Fidelity has seen the number of women investing their money with the firm grow by 19 percent, to more than 12 million. And it seems women know they need to save more — when Fidelity looked at workplace retirement accounts, it saw that women consistently saving a higher percentage of their paychecks than men at every salary level. Women saved an annual average of 9 percent percent of their paychecks, compared to 8.6 percent for men. But there’s still a ways to go to bridge the divide. Here are a few ways to do it.
Okay, we have an absolute fantastic program. I think you will find we have discussions that will be inspiring. They'll be moving, they will be thought-provoking, and we have dynamic women here who can really show how they have contributed to driving social and economic impact and improvement for women. So, we have a renowned educator here, we have innovative entrepreneurs, and we have women who have built bridges between businesses, government, and nonprofits. And so, let's just get right started. We will start with Christy Turlington Burns, who is the Founder and CEO of Every Mother Counts, and Andrea Smith, our very, Bank of America's very own. She's the Chief Administrative Officer. We'll hear from Christy as far as the important work that she is doing to advance maternal health, and the role that women play in investing in economic and social issues to continue to make sure we're driving the right level of progress. So, with that we're going to show one more quick video and we will turn it over to Christy and Andrea. Thank you.
There’s also a concept I think you should be familiar with. It’s called passive investing. The idea is that it’s smarter to invest across the entire market and then not pay attention to it, than it is to pick stocks or pay someone else to pick stocks. It’s easier and less expensive, and historically it’s been more successful. In fact, Warren Buffett made a $1 million wager that passive investing would beat hedge funds—and he was right. It’s why he advises his heirs to invest passively with their money.
Maybe you haven’t been getting great signals that your boss would be terribly receptive to the idea of you asking for a promotion. If this sounds more like your reality, then it may be wise to concoct a more long-term plan. Spend the next several months—maybe even the entire next year—anticipating your boss’s needs, doing your job to the absolute best of your ability, and sowing the seeds for popping the big “promotion question” next year. Like we said earlier, sometimes you need a plan, and there’s nothing quite as defeating or draining as asking for a promotion before you’re ready and meeting rejection.
MS. VERVEER: One of the other things I've been in this learning experience about the region, the area, the state, and I understand the disparities between economic mobility, economic and equality, not peculiar here by any stretch but obviously significantly disparities, and maybe you can explain why. But we deal with that across the country, we deal with it all over the world. And we're here really focusing on entrepreneurship, and Bank of America has been a leader in enabling women to grow their entrepreneurial skills because we know what that can do to grow economies and provide the kind of wind at the back of economies.

MS. TURLINGTON BURNS: You're further ahead than I was. I ran my first marathon in 2011 and we were given ten spots for a very new charitable organization as part of the New York City Marathon. And I thought, "Well, I know some runners, and I can't not run it as the head of this organization." So, I signed up, and immediately when I started training I saw the connection between what we're trying to do, where there is need, and where there is really an intense barrier, which is distance, and how we can connect the dots there. So, I ran the first one and then I thought, "Oh yeah, I have two kids. I think I could do that two times." And then it just started to grow, and it's turned out that there are a lot of runners out there, or people who are just—I think people who are taking care of themselves and are active, healthy people, are more likely to care about the health and wellbeing of others, than your average person. So, we found that it's been a very connective, very community-building type of event, and people go couch to marathon, or they walk, cycle, you know, anything that you do already there's a way that you can contribute that effort towards other people.

Coming in, I expected that my colleagues would be ultra-Type A, all work/no play, super serious folks given the nature of our work. But I’ve been pleasantly surprised by the great relationships and friendships I’ve developed at work and the camaraderie on our floor. I also expected the job to be extremely difficult in terms of the learning curve and was worried about my ability to handle it. It certainly is challenging, but with the support of my colleagues and mentors, I can really map out how much I’ve grown and learned over the past year. Everyone wants each other to succeed.
HR tends to be useless so you should continue following up with the bankers and tell them directly that you know they have the decision-making power in terms of who gets interviews/offers, so you’d prefer to speak with them. Or say that you spoke with HR and that they referred you back to bankers. Either way, HR = useless so keep speaking with bankers and don’t take “no” for an answer.
I'd second hanging out with the guys part. I remember sitting down with an MD during my summer stint on an S&T desk. It was a sell day and I remember him asking me, "Why do you want to be in S&T? Honestly. Are you an idealist who wants the save the world or something?" and I just responded "..I just want to make a shitton of money." Honest? yes. Did I read him correctly? Yep. He subsequently became a great mentor that summer. I never went into S&T but we're still in contact.
However, after talking to more professionals in the finance field and reading articles like this, I have regained my faith in finance and became a co-leader for the finance club at my high school. My biggest concern is the one depicted in this article: the club has an extreme lack of female members (we only had one last year). As you have mentioned, this is unfortunate as diversity fosters more informed decisions. Similarly, Kelly Loeffler of Intercontinental Exchange, who was quoted in the KWHS article titled “Career Insight: Advice from New York Stock Exchange President Stacey Cunningham”, believes that gender should not be a limiting factor for the expression of intellectual curiosity. You mentioned how you felt uneasy in male-dominated classes, and as a male, I never had to go through the same feelings, but I certainly want to change this limiting atmosphere in academic settings. I think your mentioning of Kylie’s Cosmetics is a perfect example of how more female members could allow the male-dominated industry to make more informed and wise investments. Yet even though we recently had a female member take upon a leadership position, many other female classmates I’ve talked told have told me that the finance industry was “disgusting” and filled with greedy, misogynistic men.
According to Veris Wealth Partners and Catalyst At Large, investment-advice firms, by last June $910m was invested with a gender-lens mandate across 22 publicly traded products, up from $100m and eight products in 2014. Private markets are hard to track, but according to Project Sage, which scans private-equity, venture and debt funds, $1.3bn had been raised by mid-2017 for investing with a gender lens. 

Janet Cowell’s words mean that the diversity of gender brings us different perspectives. The integration of a large number of women workforces can add fresh blood to the industry. In my opinion, women are conservative in the asset management industry and are not as venturous as men. This more cautionary mindset enables women professionals to manage great assets for the less risky funds, while male professionals may encourager bigger risks. A company without women is like a car without a brake, which will run into risks someday.
MS. TURLINGTON BURNS: So many audiences that I speak to are thinking about the same, if they're moms they're like, "How do I get my kids to understand how the world works and to understand some of these issues that we're grappling with?" And I think like I said earlier just to be exposed to the world in as many communities and different types of people and cultures the better, as early as possible. So, we were doing some trips to visit grantee partners in the field and it makes a huge impact for anyone who has not traveled, but anyone to go and have that firsthand experience to meet people and to learn, you know, really at the frontlines what's going on, but to have your child with you is also extraordinary. So, last year we led our first mother-child trip, and I'll say mother-child because it was supposed to be mother-daughter but there was one brave 12-year-old boy who came with his mother. And this year we have another group going down to Guatemala again, mostly 16 and 17-year-old girls, but there will be another brave 14-year-old young man whose mother is an obstetrician who has come with us on a few different trips. So, he's probably going to be a little bit more informed than the average 14-year-old.
Ellevest’s “What The Elle” Newsletter. The Ellevest site as a whole is my favorite resource for women-specific investment research and advice. They have content about the gender pay gap, how to invest responsibly, how to negotiate for a raise, and every financial topic in between. Their co-founder and CEO Sallie Krawcheck has a monthly newsletter called “What The Elle” that gives insights into everyday investing and financial advice for women.
You'll have decent QoL, bearing in mind you're in a services industry where you're at the mercy of the whims of your clients. And it depends on your goal. If you want to do IBD for a career, it'd be simple enough to get into a group with solid QoL and still pays well. If you're looking to get experience and exit to private equity/HFs/VC, you'll want a group that's active and gives you plenty of execution experience ie: you'll get crushed. IB at the Associate+ level is very different from Analysts because you'll be on track for a longer tenure. All analysts ditch.

In recent weeks, Knowledge@Wharton High School began noticing young women on the Wharton campus in Philadelphia, Pa., U.S., who were wearing hats and carrying bags inscribed with three simple words: Girls Who Invest. Since we happen to know lots of girls with this interest – thousands from around the world have participated in our annual KWHS Investment Competition for high school students – we decided to look further into this intriguing GWI sorority. Who were they? Why were they here? And were they truly stock market devotees?
Another reason why women may not be as aggressive as men when it comes to investing is because they are more conservative — they like to hang on to their cash, explains Cary Carbonaro, CFP and Managing Director of United Capital of NY and Author of the "Money Queen's Guide for Women Who Want to Build Wealth and Banish Fear". “When I tell my clients they should have an emergency fund, the men will tell me, ‘But I want my emergency fund in the market,’ and meanwhile the women will have five times the emergency fund they need, sitting in the bank, not doing anything. For some reason, women are afraid of losing money, while men seem to be afraid of losing out by not playing the market.”
MS. KATZIFF: So, to exactly that, the many, I would just add there is no one perfect mentor, so surround yourself with many people because you can pick and choose strengths. Everyone has different strengths. And so, think of it as you are the CEO of your business, of your career, and you get to select your Board of Directors, and that is how you should think about mentorship, where similar to any company who looks for a strong Board of Directors you pick multiple skills. You would never pick one person with one skill. So, diversify and have mentors that you tap into and rely on, depending on the situation, and you get diversity of thought.
“I listen to 20 hours of customer calls every month,” says Murphy. “Young people call and they’re trying to figure out what to do with their the money.” The answer – she says – is basic asset allocation often accomplished by putting with the help of a target date fund. “When things get more complicated they probably will want a financial advisor. But [at the start] let’s demystify it and if there is a simple investment solution focus on that. Betterment Data Scientist Sam Swift agrees. “We encourage people to be as passive as possible,” he says.
Women live, on average, five to seven years longer than men (depending on when they were born). Their money has to stretch longer, and if they are married, it is important to note that some of the biggest health care costs are incurred in the year prior to death, so if they survive their husbands, it is possible that their financial resources may be reduced by medical expenses. Married women tend to suffer significant losses in income when their spouse dies.
This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.

If you’re looking to acquire new job skills in the new year, consider the following. Do you want to acquire skills that will make you more effective at your current job or a new one? Your answer to this question will help you determine which skills you should look at. Also, are you looking to invest money towards acquiring new skills? If so, there are a wealth of career and adult education/skill-development programs available across the country; a great place to start is researching the offerings at colleges and universities in your area. You’ll likely come across a wealth of options, both in class and online—you just need to decide which are right for you.

MS. KATZIFF: So, to exactly that, the many, I would just add there is no one perfect mentor, so surround yourself with many people because you can pick and choose strengths. Everyone has different strengths. And so, think of it as you are the CEO of your business, of your career, and you get to select your Board of Directors, and that is how you should think about mentorship, where similar to any company who looks for a strong Board of Directors you pick multiple skills. You would never pick one person with one skill. So, diversify and have mentors that you tap into and rely on, depending on the situation, and you get diversity of thought.
But anyway, so I think the first thing is we have to say that is our expectation. It's our expectation that, you know, nearly everybody, 70% of the jobs in this state damn near are going to require post-secondary education, not necessarily a baccalaureate degree, but at least two years of education with a credential after high school, an associate's degree, some kind of stackable credential, a skill. Certainly the jobs at this organization are, certainly the jobs that you all are creating as entrepreneurs and leaders require skill and knowledge.
"My biggest advice to women who want to save more money is to make more money," said financial expert Nicole Lapin, the winner of GOBankingRates.com's 2015 Best Money Expert competition. "When you stop looking at your financial life as something of deprivation and more of something as aspiration, that's when you actually feel comfortable of taking control of your own finances."
All of the top banks are run by men. A Catalyst study reports that women account for less than 17 percent of senior leaders in investment banking. In private equity, women comprise only 9 percent of senior executives and only 18 percent of total employees, according to a 2017 report by Preqin. At hedge funds and private debt firms, the numbers are similarly low — women hold just 11 percent of leadership roles.
While parents remain the top source of financial advice for most women, only 20 percent said they felt well prepared by their parents to manage their finances as an adult. Even fewer said they learned about these topics in school. Only 24 percent learned about budgeting and setting financial goals; 14 percent said they learned about investing. Overall, only nine percent of women said their education through high school left them well prepared to manage personal finances as an adult. A slightly better 10 percent said this of their college education9.
Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. These materials are for informational purposes only. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Certain links may direct you away from Bank of America to an unaffiliated site. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies.
Don't put your investments on long-term autopilot. One of women's strengths as investors is that they are less tempted to buy and sell in the short term, based on classic research by Brad M. Barber and Terrance Odean at the University of California-Berkeley. But at least once a year, you need to become an active investor, checking your asset allocation as you age and your needs change. That means changing your asset allocation when it's required, or hiring an investment advisor or an online investment platform to do it for you. "This was my own mistake in 2008. ... I didn't have cash, and I was fairly close to retirement," said Hounsell.
“The GWI program is one of the programs that the institute is implementing to make more female students aware of the careers in investment management,” Mary Scott, associate director of the Notre Dame Institute for Global Investing (NDIGI), said of the program. “As we broaden awareness of how intellectually stimulating and rewarding these types of careers can be, our hope is that more females will be interested in pursuing this industry.”
You’ve heard the stats that there are more CEOs named John in the U.S. than there are women CEOs? You don’t want to fall behind the Johns where you work, and that’s what will happen if your company isn’t willing to invest in you. Fortunately, you’re now armed with lots of bragging points and a great sense of the market value of what you do, which will help you seek out the next great opportunity and negotiate your new offers like a pro.
Knowledge shortfall. In truth, women do appear to be less knowledgeable about investing than men are. A 2015 study by Financial Finesse found that 67% of women answered yes when asked whether they have “general investment knowledge regarding stocks, bonds and mutual funds,” compared with 84% of men. And the figures don’t just represent women’s lack of confidence, says Kathie Andrade, president of personal advisory services at TIAA. The financial-services firm asked men and women a series of questions about bonds, asset allocation, inflation and interest rates and found that men scored considerably higher overall.
All the women agreed – and their successful banking careers testify – that you don’t have to be masculine to succeed as an investment banker. Nonetheless, Lorraine conceded: ‘You do need to be confident and assertive. However, that could be quietly confident. Ultimately, you will need to be able to find a way to be confident and assertive that reflects your character.’ Sophie agreed: ‘Don’t change yourself – you can’t pretend to be someone else.’
Olivia Ott talked about how her perception of the industry does not match the reality. Her expression has two points of view. First, she hates the desire to pursue only money or only to be rich. She thinks it is particularly annoying. I have seen a movie, the Wolf of Wall Street, the whole film pinpoints the importance of money. I’m not sure whether this is the belief of the whole financial market. I’m still in doubt if people who hold other values than money will have to change themselves to fit into the atmosphere. Secondly, Olivia thinks that her peers in Princeton have already made a step ahead of her, and she hasn’t started yet. So she felt the pressure. I feel the same way as she did in my school life, but her experience is inspiring. From her point of view, not every company was making money just for money, and not everyone was born in the finance industry. These two understandings are meaningful for many women who want to dig into this field but fear to do so. Although the finance world has been influenced by those very extreme and monetary supremacy, it is not the whole finance world. Rather, it still has some bright sides. For instance, people can make contributions, such as ESG’s 3 social good orientation investments through money.
Our New Year’s resolutions can vary across an endless array of categories—from finding love, making new friends, and moving to a new city to acquiring a new hobby or skill set. Among the most popular resolutions that people make involve job- and career-related goals. However, while making a New Year’s resolution for career change and success can be the beginning of a wonderful new chapter in our lives, it’s really just the first step.

MS. SPELLINGS: Yeah, I think often, we dwell on kind of the half empty, "omen are not on tenure track, women are not on corporate boards" and all those sorts of things. And we need to pay attention to it. But I do think there are enormous assets to be in public service and to be a woman in public service. One, we all are motivated by, as Christy Turlington Burns was doing something for someone else. We all know friends who are like man I've been a lawyer all my life and I just, is that all there is? Well, if you're in working to close the achievement gap or improve maternal health you've got that mission, that fire in your belly to leave something behind that's bigger than yourself number one, and number two, and you and I have both enjoyed these experiences, when you're in public life and public service you'll be stunned at the kind of reach you can have as a woman, managing large amounts of money, managing large numbers of people, just an incredible opportunity for careers in public service and public life.

Take, she said, a feature like tax-loss harvesting, a feature that involves selling losing investments so that investors can write off the loss on their taxes. It has become a standard on some new online investment platforms. "It's very in the weeds and technical," she said. "I have been in the industry for [a long time]. ... I've never had a woman ask me about tax-loss harvesting."
I am often amazed by how many intelligent, well-educated women have little knowledge and/or interest in investing and retirement planning. As a gender, we have to do something about this. Oh, that’s interesting, is a common response when women ask my friend, a female financial advisor, what she does for a living. And it is often delivered in a tone of voice that conveys just how interesting it is to have one’s teeth extracted or to find a piece of roadkill on one’s doorstep. The subtle cringe that shadows many women’s brows when a financial advisor mentions retirement planning or investment management has become a familiar sight.
MS. NELSON: All right. Katerina, I want to, I want to come back to you and some of what you were talking about about the power of mentoring and partnership, and also bring together a strand that Melanne was talking about earlier, the idea of needing networks, and how valuable networks are. And one of the things that we've found at Vital Voices, because ultimately what we are is a network of 15,000 women leaders around the world, across different sectors, as well as mentors and others, and what we've definitely seen is that there's something about women being part of a non-competitive and non-hierarchical network, that it encourages women leaders to take risks that they wouldn't have normally taken. Can you talk about, I mean did you have that experience? I mean I know you're sort of a risk-taker by design, as an entrepreneur you have to be. But I'm curious, I mean what's next for you and what has, what has been unleashed through gaining more support and mentoring?
1. Get in the game. Women are participating in their employers’ retirement plans at the same rate as men. The problem is, they typically save less—an average of 6.9 percent of pay compared to 7.6 percent for men, according to 2013 a report by Aon Hewitt. Many also don’t contribute enough to take advantage of any company match. This makes it harder for women to build sufficient savings to fund retirement. In fact, according to the Aon Hewitt report, women have average plan balances that are significantly less than men’s, consistently across all salary ranges ($59,300 for women vs. $100,000 for men). The solution? Bast urges women to take full advantage of their retirement plans as soon as possible. “The key to building wealth is to start early, set aside as much as possible and always contribute at least as much to get any employer match that may be available.”
Watch our #WomenLead public forum to learn how women are advancing progress globally /en-us/partnering-locally/women-lead-public-forum.html Get the whole story. 1359940|enter782|cr-en402 /en-us/partnering-locally/women-lead-public-forum.html _self 1359940|enter782|2014_859|| 1359940|enter782|2014_581|| /assets/images/PublicForum_400.jpg Women talking
Not only are these items expensive, but political currents in many industrialized nations are reducing the contribution government makes toward these items. Decisions in corporate America are going the same way, as employers and insurance providers offer more expensive and less comprehensive coverage. All of these trends can result in higher expenses for the elderly, as they are forced to pay increased copayments, higher premiums and increased out-of-pocket expenses.
These sentiments are certainly understandable, and I believe the way to change these perceptions is through educating people about finance, just as GWI is doing. As you mentioned, experience is the best way to learn about the industry, hence my partner and I are currently working on creating a student investment fund so that students can learn about finance fundamentals by managing a portfolio and making trades in the real world. Like you, we also plan to participate in the KWHS Investment Competition for the first time as well. Furthermore, just after learning about ESG from GWI Scholar Olivia Ott, I am going to research it more and include it in our Investment Policy Statement. I respect what GWI is doing, and I hope by exposing students to the more positive and interesting aspects of finance, I could dispel the incomplete and negative misconceptions. Eventually, I hope students of different genders and races can explore and perhaps commit to the finance industry in the future.
Figuring out how much you should invest vs. set aside in a short-term savings account comes down to how much risk you’re willing to undertake. Year over year, the market has been steadily rising, but that doesn’t mean that a return is guaranteed. The golden rule is to never invest more than you’re willing to lose, especially if you’re going after aggressive or volatile markets.

MS. NELSON: All right. Katerina, I want to, I want to come back to you and some of what you were talking about about the power of mentoring and partnership, and also bring together a strand that Melanne was talking about earlier, the idea of needing networks, and how valuable networks are. And one of the things that we've found at Vital Voices, because ultimately what we are is a network of 15,000 women leaders around the world, across different sectors, as well as mentors and others, and what we've definitely seen is that there's something about women being part of a non-competitive and non-hierarchical network, that it encourages women leaders to take risks that they wouldn't have normally taken. Can you talk about, I mean did you have that experience? I mean I know you're sort of a risk-taker by design, as an entrepreneur you have to be. But I'm curious, I mean what's next for you and what has, what has been unleashed through gaining more support and mentoring?
Once you meet all these requirements, you can open your own investment accounts. If you fit that bill, then check out our Investing 101 guide to get more details on how investing works. Then, head over to our checklist that will give you the steps to opening an investment account. And, if you know you’re ready, there’s no better place to start than our Start Investing Bootcamp.