Women become richer – and do not invest in the same way as men
Women have become richer, changing the face of wealth.
According to a report issued by MCKINSEY last month, women control a third of all financial assets for retail in the United States and the European Union.
By 2030, this percentage is expected to increase to 40 % to 45 %, Cristina Catania, and a global partner and European leadership participation to practice risks and flexibility, Jel Zucker, a great partner and a co -leader of the global growth service line in MCKINSEY.
This report depends on a survey that included about 13,000 American and European investors, approximately half of the financial decision makers. I found that between 2018 and 2023, global wealth increased by 43 %, but she jumped 51 % for women.
The scope of control of women in assets is expanded through a set of factors, including the continuous decrease in marriage rates, the continuous increase in the average profits of women, and demographic trends such as average life expectancy, and a widespread transformation in the situations around which women revolve in managing their financial resources.
The risks are not equal to the reward
When women become richer by investing, they became clear that they do not deal with them in the same way as men.
“Women are more aware of the risks,” Anna Siofi Harvigson, Financial Education and Investment Investment Corporation, told Business Insider. “I would like to call it more realistic in its ability to invest.”
She said women are less likely than men to invest emotionally.
“On average, men are often trading more than women because they believe they can overcome the market or read something in the news, pump or fear, and then invest accordingly,” said Harvigs. In its opinion, the investors tend to be quieter, more realistic and better in risk assessment.
However, Katie Jerry, a consultant at Rise Private Wealth Management, says that being more careful can hinder women through their leadership to miss the chances of building wealth.
“It is important to work with a reliable financial advisor who understands risks and can go to you by making well educated investment decisions based on your long -term goals.”
The returns are not everything
Investment targets sometimes differ between men and women.
“Women prefer to invest towards specific goals instead of chasing the highest returns,” said Avanti Shetty, the financial plan in Wealthwyzr.
Jerry said that investors tend to focus more on charitable work and gifts. They often think about their values when buying stocks and want their purchases to help make a better impact on the world.
She said: “Women often seek sympathetic financial advisers and take enough time to get to know them on a more personal level to gain a deeper understanding of their goals and values.”
On the female investment, Hartvigson said that the principles whose members are most interested in the climate, especially the carbon imprint of the company, and the diversity of driving, in terms of the council that gets a good balance between the sexes.
Starting the investment early
For Shetye, it is important to start investing early.
She said, “Women tend to have primary care providers or elderly parents and often take an unpaid time.” “Not only that, women live statistically for a longer period of men, which means that women will need to invest as possible as possible to last as long as their governor last through retirement.”
“When you do it, it does not matter what is happening today.”.
Both agree that this plan must be based on expert advice.
“Working with a financial plan is rooted in financial education planning can help in providing comfort and security to stay fixed even in the harshest markets.”
But she also believes that this practice is more important than perfection.
“You will never know everything that can be known about the investment,” she said. “The key is consistency, and time will raise heavy lifting.”
Hartvigsen recommends its customers to invest monthly on the same day and diversify their investments. “If you did, historically, it was impossible not to earn money in the long run.”