To ensure that women can invest, we must address the gender wealth gap.
Women don’t invest enough – but the reasons are all too obvious, according to Sarah Davidson.
I’m fed up with it.
I don’t often get irritated by the hundreds of emails I get every day offering me “perfect” stories written by companies trying to sell you, dear reader, their products underhandedly.
Often, these stories that “could be just right for the i” are breaking news, such as “many people of pension age are disappointed about not receiving an 8% increase in their state pension” or “renters are annoyed about paying their landlords so much rent that they can’t save a deposit for their first home.”
Please halt the presses.
However, I received a slew of press releases this week that irritated me greatly.
The first came from a forex and contracts for difference brokerage, which claimed that women make less than one out of every ten stock market trades (two of the riskiest things one can invest in and really, only suitable for professionals).
The second study came from a large, well-known investment platform, which found that 70% of British women, compared to 59 percent of men, said they had no investments.
When asked why they don’t invest, both men and women said they don’t have enough money – 49 percent of women and 45 percent of men said they don’t have enough money.
The second most common reason for women not investing is that they don’t know enough about it – 31% of female non-investors said this, compared to 22% of men.
You might be wondering why these reports irritated me so much.
While I don’t disagree with the survey results or, in the former case, the veracity of this firm’s customer base and gender profile analysis, I’m sick of hearing about women not investing.
It’s simply infuriating to be lectured by middle-aged, middle-class investment professionals who rip off anyone with a company pension by extracting up to half of the “value” they generate in fees, fattening their own wallets while systematically slimming ours.
Worse, pointing out that women “don’t invest” or “lack confidence” on a regular basis is counterproductive.
Our brains do not compute negatives psychologically.
News summary from Infosurhoy in the United Kingdom.
We must close the wealth gap between men and women in order for women to be able to invest.
wpcc-script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″]
wpcc-script async src=”//www.instagram.com/embed.js”]
We need to fix the gender wealth gap to make sure women can afford to invest