Despite the attractiveness of the competitive story pitting men versus women in a contest of investment prowess, the difference in their returns is not dramatic. For example, a study in the The Quarterly Journal of Economics reported that "Trading reduces men's net returns by 2.65 percentage points a year as opposed to 1.72 percentage points for women." Clearly, like beating an index, the difference between success and failure is generally a game of inches, not miles. With that in mind, every penny counts, and pennies paid out in fees are pennies that are not working on your behalf. Over the long-term, lower fees can make the difference between a few extra dollars in your wallet or a few dollars that you do not get to take home.
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.
3. Create an investment plan. Once you have set your goals, you need to create a solid investment plan. First, determine how much money you have to invest, and start thinking about how to make your money work for you to achieve your financial goals. Rather than a set of rules, an investment plan provides guidelines that can help you organize and direct your energies. Financial plans should have continuity and a solid foundation, but at the same time be adaptable to changes that invariably happen in life. For more on financial planning, read Developing a Personal Financial Plan.
“She was impressed with Notre Dame’s faculty and students, and also our classroom and residential facilities,” Scott said of Dunlap, who retired as CEO earlier this year. “Her time on campus allowed her to visualize how this program could be implemented here at ND and how we could be the host for their second site — increasing the number of students GWI serves through their summer intensive program to 100. Kathleen was thrilled that Carl Ackermann would serve as the lead faculty instructor — especially given that he regularly wins awards for excellence in teaching the sophomore-level introductory finance course. She was also excited to learn that we were planning to have many of our female faculty teach during the program, as these women are exceptional role models for the scholars.”  

This report is not intended to be a client-specific suitability analysis or recommendation; an offer to participate in any investment; or a recommendation to buy, hold, or sell securities. Do not use this report as the sole basis for investment decisions. Do not select an asset class or investment product based on performance alone. Consider all relevant information, including your existing portfolio, investment objectives, risk tolerance, liquidity needs, and investment time horizon.
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.
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.
If you’re looking for a way to automate your own investment strategy or want to start investing on a small-scale without using a broker or firm, an investment app might be the right platform for you. If you type in “investment apps” in the app store search tool, hundreds of options will pull up, but not all will help you grow your savings to hit a solid return.
Definitely important to maintain your femininity. There is nothing worse than being one of 'those' women who try and act like men. Guys absolutely hate that, and I'd say especially as the older guys are starting to retire, etc., the younger ones hate it even more. At my PE shop, there are very few girls on the deal/origination side. Luckily, the guys aren't spewing machismo. But, it's always good to remind them that you're a girl in some way or another. In my experience, guys in finance just want to work with a girl who's cool, smart and does good work. Pretty much the same thing they look for in guys. They're not running around looking to work with d-bags.

Top GWI Takeaway: “I’ve heard of the term junk bond before, but I couldn’t understand why anyone would invest in them. The word has such a negative connotation. I’ve learned that junk bonds are high-yield bonds. They have a high risk of default, but they have a high return and offer higher yields than bonds with higher credit ratings. And they can actually be valuable investments for some investors.”
MS. TURLINGTON BURNS: Yes, I did finish high school, thankfully. And then that made it a little bit easier, and then I went to NYU and studied Comparative Religion and Eastern Philosophy, which actually also plays a role culturally in the work that we do now. And then later, once I became a mom, I went back to school for Public Health. So, I did do a little bit of advocacy before going back to school or during the first time I went back. My father had lung cancer and I had been a smoker in my early 20s, and so my first public health—I know, and I have a grandfather from North Carolina and tobacco—

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.
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“He is a seasoned and versatile leader, bringing with him a wealth of experience in public policy and academia,” said Thomas A. Fanning, chairman of the board of the Federal Reserve Bank of Atlanta. Raphael also has significant experience leading complex organizations and managing interdisciplinary teams. He is a perfect bridge between people and policy.”
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.
The other reason you need to be investing for retirement is that even if you did save every dollar you needed, by the time you got to retirement, the value of money would have fallen and you’ll need more dollars in order to maintain the same standard of living you’d enjoyed previously. The reason for that? Inflation, which raises prices by, on average, 2% or 3% annually. That’s why a gallon of milk might have cost $0.35 when your grandmother was a child and why it now costs $3.50. Here is a visual representation of what inflation does to the value of money over time:
“She was impressed with Notre Dame’s faculty and students, and also our classroom and residential facilities,” Scott said of Dunlap, who retired as CEO earlier this year. “Her time on campus allowed her to visualize how this program could be implemented here at ND and how we could be the host for their second site — increasing the number of students GWI serves through their summer intensive program to 100. Kathleen was thrilled that Carl Ackermann would serve as the lead faculty instructor — especially given that he regularly wins awards for excellence in teaching the sophomore-level introductory finance course. She was also excited to learn that we were planning to have many of our female faculty teach during the program, as these women are exceptional role models for the scholars.”  
Barbara Swenson has several years work experience in the areas of accounting, real estate investing, marketing, financial management, insurance, and independent book publishing. She’s written numerous articles for AllBusiness.com, and is a Contributing Writer for Retailing Insight. She was also a Contributing Editor for the international magazine Magical Blend, and has penned articles for Aquarius and NAPRA Review magazines. She has written and published 25 personal transformation books in the last twenty years. Barbara holds a Bachelor of Arts from California State University Sonoma (with honors), and a Masters Degree in Science from California State University Sacramento (with honors). She lives in the Sierra foothills with her husband and son, two huge white dogs, and four cats.
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.

I'm not going to lie, this can be a tough field for women in the long run. You'll feel like you are being passed up on promotions or being let go because of your sex, and in some cases you may very well be correct. I've seen BBs discriminate against women, and personally know women who have settled sexual discrimination cases with BBs for substantial settlements. With that said, the workplace is far more inviting to women than it used to be. Obstacles will always exist no matter where you go, so if IB is really what you want then go for it.

Investing money in the stock market is not a complicated process, but it requires making decisions. Will you buy funds, exchange traded funds or equities? If so, which ones — and in what proportion? And on which platform will you choose to hold your investments? These are the practical barriers, but bigger decisions are needed to guide these choices — namely, what am I saving for, and how can I do so in the most tax-efficient way?
October 14, 2018, JAKARTA –  An important editorial on widening women’s access to financial services by Taimur Baig, Chief Economist of DBS Bank and member of Women’s World Banking’s Southeast Advisory Council, has been published in a special IMF edition of The Jakarta Post. The 2016 Financial Inclusion Survey, carried out by the Financial Service […]
thank you again. i am going to copy and paste that post for future reference and may indeed trouble you further for some guidance in the future so thanks in advance for your generousity. intuitively your comments ring to me. it is probably true in many fields that female coworkers are being accepted more and more, ON THE CONDITION that they are proven to be assets to the team and to prove one's worth, one probably has to come in earlier and leave later to be better prepared and ready to help at any moment and possibly rely on some maternal instincts to be mindful of the big picture. still, it won't hurt to know that generally speaking, the work environment in IB is not so hostile to females that it is uphill battle day in and day out even if one's work speaks competently for oneself. thanks for providing the clarity and reassurances.

Thanks for your reply Nicole. I know you are currently pursuing ECM if I’m not mistaken. What are the pros/cons of ECM vs. M&A? In terms of exit opps and learning curve, M&A is definitely the best route, but in terms of personal life, ECM…Only disadvantage to ECM, I take it, is the less technical/more narrow content…Your input would be appreciated!
Nearly two-thirds of women polled say females are less likely than males to reach leadership roles. Only 56 percent of men and 37 percent of women agree that males and females are equally likely to become leaders in their industry. What's holding women back? Almost no one says the biggest obstacle is women opting out of leadership positions. Rather, it comes down to how quickly employees are promoted. Fewer than half of women (47 percent) felt that “men and women are promoted at an equal rate at their companies," and 26 percent of men also identified this gap.

Most women don’t think they know enough about investing to properly grow their savings; therefore, they wait to start investing until they feel they’re more financially stable and believe they can risk the possibility of losing money. A common misconception around investing is that you have to be an expert in the industry to succeed when the reality is that there are so many tools and resources that make easy to start investing with as little as your pocket change.
My boss once told me to always have the strength to admit when I’m wrong. There’s nothing more intimidating than realizing you’ve made a mistake, and it takes a lot of confidence and courage to admit it. Just remember that we’re all human, and it’s better to own up to mistakes rather than hide them. (Plus they rarely stay hidden). It really builds respect and trust among a team.
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Now, the down of it is because often those jobs don't pay as well as those in the private sector. So, I think women have been drawn into those roles, but the good of it is get yourself in there, manage, lead, learn, and translate those skills either upward in the, in the public sphere or externally in the private sector. And when I used to work on appointments for President Bush and when he was governor in Texas we used to try to sell people like Andrea that we were going to go from success to significance. And so-- MS. SMITH: And you did.


To be successful, business development VP Marissa Meiter says, “You can’t be afraid to put yourself out there, the worst thing someone can do is tell you the timing isn’t right.” Meiter taps into her experience working at a family-owned bank equipment business and appreciates the company’s focus on relationship building. She enjoys hearing the business owner’s stories and educating them on their M&A options.
Navigating a path to financial security is easier and more rewarding when it’s mapped out. Being prepared is the easy answer, whether married or single, we will encourage you to assert your vision and values about money and investing. We will help you create a safe money strategy through an ongoing series for women of wealth that is designed to engage and build confidence for all our female clients.
The report also found that the same barriers that might keep women from investing are the same issues that create and compound the gender gap, including breaks from employment due to family care responsibilities or hesitation around talking about money. “Women have come a long way both personally and professionally, but when it comes to their finances, there is still a trail left to blaze,” said Lorna Sabbia, head of Retirement and Personal Wealth Solutions for Bank of America Merrill Lynch. “As women are at a tipping point to achieve greater financial empowerment and independence, it is even more essential that we support women in helping them pursue financial security for life." Women in the study noted that their top financial regret was not investing more (41%), and also mentioned that lack of investing knowledge (60%) and confidence in choices (34%) are top barriers that keep them from investing. Of all generational groups, Millennial women reported feeling the least confident (46%) in matters of investment.

Being a diverse and inclusive company is essential to our ability to meet the needs of our clients, communities and employees. As a part of this, we empower women to make meaningful contributions within our company and in our communities. We have strong representation of women at all levels and we are focused on attracting, retaining and developing our diverse talent. We also recognize that women play a vital role in driving economic growth, and we have many partnerships to connect women entrepreneurs to mentoring, capital and other tools that will advance their businesses and make significant contributions to our global economy.
Today, gender equality is in the spotlight like never before. The #MeToo movement has encouraged countless women to share their stories about being harassed at work—myself included. Powerful men have lost their power, while powerful women (hi, Oprah) are putting their platforms and their money into stopping workplace harassment and abuse. It’s been incredible. And it’s just the beginning.
A number of members have approached us about how they could become more involved with WIN.  There are many ways to become involved including volunteering for a WIN Committee.  We are actively seeking volunteers for the Membership Sponsorship Committee.  Volunteering for a Committee is a great way to expand your professional profile and personal branding in the investment community. We encourage anyone who is interested in volunteering for a Committee to contact the WIN Administrator at ([email protected]) for more information.
Nearly two-thirds of women polled say females are less likely than males to reach leadership roles. Only 56 percent of men and 37 percent of women agree that males and females are equally likely to become leaders in their industry. What's holding women back? Almost no one says the biggest obstacle is women opting out of leadership positions. Rather, it comes down to how quickly employees are promoted. Fewer than half of women (47 percent) felt that “men and women are promoted at an equal rate at their companies," and 26 percent of men also identified this gap.
MS. MELANNE VERVEER: Well, good afternoon everybody. It's a real personal pleasure for me to be here today. I can't tell you how inspired I was listening to Christy, and if she has proven anything it's that one person can make a difference. So, I think that's the lesson to take out of that. And thank you to Bank of America for all that you do in making not just this possible but so much more.
2. Make “friends” with risk. Women prefer to preserve wealth even if it means giving up higher returns. Take a 51-year-old attorney (who preferred not to give her name) as an example; she has consistently contributed the maximum allowed by her law firm’s retirement plan. “I know I should be investing in stocks, but I don’t want a repeat of 2008. My money is parked in a money market fund, where I know it’s safe.”
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