MS. SPELLINGS: Well, in Charlotte you can't say that too much because we have people like Andrea Smith who are leading the Chamber of Commerce, and of course a woman that is the mayor, and the superintendent here is a woman, and one of my board of governors' members I think is here, Anna Nelson, and on and on and on, Ophelia Garmon-Brown who has been so instrumental in the economic mobility work here. But that notwithstanding, there are gaps and, you know, when you, and when you're in a place like Washington there is such a public service mentality and so many opportunities for women, we'll get into some of that, but I am puzzled by that, particularly when most, I mean women are going to college and getting out of college at rates that far exceed, and we need to work on our men obviously, but that exceed women. So, what happens between the time that we're getting out of college, attaining at high levels, and being in those leadership roles? We get lost. Right? Which is why programs like this are so important.
Because women are more inclined to do research and more likely to exhibit patience than men, they’re well equipped to take the same disciplined approach to selling as they do to buying and are less prone to unloading their stocks during a market panic. Ketterer suggests establishing triggers that prompt the reevaluation of each holding. A trigger could be a set date (say, at the end of a quarter or the end of a year), or it could be a specific rise or fall in the share price. Ketterer sets a target price for each stock she buys and reevaluates it when the price approaches that level. A falling stock price is not a reason to sell, she says. But it may indicate that your initial analysis was flawed and requires review. “The greater the frequency of review of a company, its industry and the economic environment, the better,” she adds.

However, if you’re looking to save for retirement over the course of 20 or 30 years, an aggressive strategy is going to get you the best return possible. While aggressive markets tend to fluctuate widely in the short term, the overall market trends upward an average of 10% each year. When you can afford to be patient in the market (something women are proven to be better at than men), an aggressive strategy can definitely pay off in your favor.


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.
MS. JILL CALABRESE BAIN: Sure, well first I want to say I'm humbled to share the stage with these two women, and all of their tremendous accomplishments. So, ladies, thank you. You know, the state of the state is actually good. There is about ten million small businesses owned by women in the United States. It's actually the fastest growing segment of the small business population, and it represents about a third of all small business owners nationally. We have the privilege of banking about 1.2 of those, 1.2 million of those women today, so it's about 40% of what it is that we do at the bank. And when we looked at the survey the news is actually pretty good. I mean women are fairly confident in the economy today and where they believe the economy will go in the next 12 months. However, there's still some hesitation around revenue growth and long-term economic growth. And so, when we look at that it's about 44% of the women feel really confident, which is good but that's down from about 54% last year. So, we always look at access to capital. Access to capital is something that plagues both men and women. But they tend to look at sources of capital differently, and we see that women, at least in the survey that we just recently completed, only about 7% actually think that they will pursue financing in 2017, which is a little lower than their male counterparts. And sometimes what we see it's the confidence factor. They feel like they need all of the information before they even ask the question, which we know that that's not the case and we want to be able to support those women.
“Most women will spend at least part of their life on their own, either because they never marry or because they lose a spouse to divorce or death. This means many will be forced to manage their own finances in their later years without the support of a partner,” says Bast. “And because women tend to live longer than men, their money will need to stretch further.”
I was partially being sarcastic. However, I think the comment probably holds some merit, as unfair as it may be. In addition, I don't think that it relates only to finance, but in business in general. I think from a hiring standpoint, for whatever reason, appearance absolutely can play a role in the decision-making process. I also think that, again for whatever reason, it probably plays a bigger role when the hiring decision pertains to a female.

We had both a female and male managing director who attended and gave us tips and funny anecdotes on the topic. The event was particularly directed to first year analysts to help us feel more confident at work. The event also gave junior women the opportunity to meet with female directors and socialise with other women from different departments within the bank.
I shared this experience with other female colleagues in the office, who agreed that it was totally inappropriate and assured me I’d have their full support if I wanted to report this incident to my manager. My manager (who is a male) was also extremely supportive, reaffirming that this is not the kind of behavior we’d want to espouse with future managers and leaders of the firm. He escalated the situation to HR, who has noted this on this employee’s record. While I’m not sure if any further steps will be taken, I’m glad there was an open communication channel between me and my manager where my opinion was respected and handled with sensitivity. 

Your goal, therefore, is to try to keep your emotions in check. Although there’s little direct data to suggest that women are less susceptible to market euphoria, they do seem a bit calmer during panics. The Vanguard Group looked at whether customers of its retirement plans were moving money out of stocks during 2008, when the U.S. market plunged 37%. Overall, the fund giant found, investors were fairly steadfast, but women were more so, proving to be 10% less likely to sell their stock holdings than men.
All this will have big implications for asset managers. Take risk-profiling. Surveys show that men’s attitudes to risk are typically more gung-ho, whereas women are more likely to buy and hold, which leads advisers to conclude that men are less risk-averse. And men are more likely to say that they understand financial concepts, which might seem to suggest that they are more financially literate.
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Well, I think that it summarizes what I think about this topic. Maybe Wharton’s Investment Competition will have more girls participating if it adopt some measures, like maybe a “runner up prize”, with symbolic values, to the best girls team, or maybe a rule that teams with more than six participants need to have at least one girl (it won’t stop anyone to participate but would make the incentive between students for a higher participation of girls). But as I said, 27% is a number that makes me ate least optimistic, because it reveals that girls are interested in this field and are fighting for it too. Now we have to try to increase this percentage, and movements like Girls Who Invest take a key role on it.
To keep from acting impulsively, Kaplan suggests writing a script that outlines how you will react to a plunge or a rapidly rising market. Following that plan—-be it reading from an investment policy statement that you’ve prepared for yourself or simply calling your adviser—-should help you in both booms and busts, tempering the inclination to invest the rent money in stocks during run-ups and to bail out of the market with money you might not need for 30 years.
According to a recent Huffington Post blog post by Alexander Kjerulf, founder and Chief Happiness Officer of Woohoo inc, “Way too many people hate their jobs. Exactly how many is hard to say, but depending on which study you believe, somewhere between 20 percent and 40 percent of employees are miserable at work.” Kjerulf goes on to say that hating your job can weaken your immune system, make you gain weight, rob you of sleep, ruin your personal relationships, and even increase your risk of serious illness. Not a good way to ring in the New Year!
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My dad doesn’t even understand what I do. Within finance there are different departments and what I do is help companies raise money. Companies can raise money by issuing stock. I don’t do stock but I do bonds, which is kind of like a contract, like a mortgage. It’s a contract between the companies and the investors basically helping the company to borrow money from investors.
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Once I asked my dad a question who is an entrepreneur, “Do you think women are treated differently from men in work field?” He said, “No, as an owner of a company, we explore the full potential of every employee and make sure their talent is best used. Otherwise, why should we hire a person and why do we waste our money?” This dialogue between my dad and I partly illustrates the expectations of an employer — it’s not the gender that matters. It’s the capability that matters. Then, we talked about the status of women in China. We both believe that the status of female employee is increasing. But this doesn’t mean inequity has been put to a stop. Instead, more and more people come to speak out about their unfair experience. Even then, it is still a global problem that women are rejected due to stereotypes.
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