Women have been shattering glass ceilings in many sectors of life, particularly in business. According to studies, women currently run four out of every ten enterprises in the United States, and the number of women-owned firms has increased by 114% since data was collected twenty years ago. Of course, they have no intention of slowing down, and an increasing number of women are enrolling in college, educating themselves, and taking on the role of primary earner in their families.
Despite all of the progress women have made in the right direction, they still have a difficult time managing their money and, in particular, investing, as compared to their male counterparts.
Despite the fact that women entrepreneurs are outstanding at running businesses and conserving money. They struggle to comprehend the necessity of investing, even if it means taking some risks. There are several online investment platforms designed specifically for women that have taken the initiative to bring about change by offering the necessary assistance and mentorship to properly manage those risks.
According to a famous business journal, women lag well behind men in financial literacy exams and invest 40% less than males. Women are regarded outstanding savers since they save 9% of their earnings, whilst males save just 8.6%. Women, on the other hand, were 35 percent less likely than males to invest $1,000 if given the opportunity.
Investing gives women entrepreneurs a better opportunity of increasing their personal and business capital. They may also put their money to better use and ensure their financial future. For example, if people put their money in a standard savings account, they will earn just about.01 percent to.06 percent per year in interest, compared to the stock market, which has historically yielded 10% returns and offers the opportunity to earn quarterly dividends.
So, if they deposit $1,000 into a savings account and get.05 percent interest, they will earn $5 over the course of a year. However, if they invest it in the stock market, they may receive a 10% return, resulting in a profit of $100 for the year.
Associating with internet investment platforms will undoubtedly aid in the creation and management of their own portfolios. Important elements in women’s lives, such as job breaks, salary discrepancies, and longer lifespans, will be considered by the investing algorithm, which will be discussed with their financial advisers.
Women entrepreneurs may find it scary since they have never purchased a stock but now want to go into bonds and real estate but are unsure how to do it. However, with the right direction, people may quickly begin investing in a diverse portfolio and begin to improve their financial future.
