Women and Investing

{ WOMEN AND INVESTING }

Taking an active role in your financial future is one of the most important things a woman can do.

Whether you like it or not, according to Pew Research, 9 in 10 women will be the sole financial decision-maker of their household at some point in their lives. Women may have unique strengths and challenges when it comes to managing and investing their money, but the perception that women are not good at investing is just not true. In fact, research has shown that female-led accounts achieved higher absolute returns over male-led investments over a five-year period*.

The bottom line is that, at Webb Investment Services, we see the positive impacts of what happens when women actively engage in their present and future financial lives, and we are here to help.

There are 3 key mistakes women make when it comes to managing (or not managing) their money.

Not knowing your Money Story
Not taking an active role in your daily and long-term finances
Not saving and investing

FAQs

Your Money Story is your core beliefs and/or conscious or subconscious biases about money. They are formed by what you witnessed as your family dealt with money during your childhood. These observations have a significant impact on you and influence your adult behaviors around money. Understanding your own money story and that of your partner can help change or improve habits increasing your likelihood of financial success.

Emergency Reserve Funding should be included in any budget. In addition to your expenses for daily living, your budget should also include money for savings and investing. Everyone needs to have an adequate emergency reserve fund, also known as money for the unexpected things in life. We suggest a minimum of 6 months of living expenses to help you navigate life’s surprises.

Building retirement savings is also essential for long-term financial health. Participating in an employer’s retirement plan is one of the easiest ways to save, especially if they offer a match. If possible, defer more than the minimum to get the match. If you are self-employed or your employer does not offer any retirement plan vehicle, there are a variety of other options including SEP’s, SIMPLE IRAs, and Traditional or Roth IRA’s.

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*Source:
Gender Differences in Performance at Wells Fargo Advisors, Wealth & Investment Management (WIM) Analytics, July 2021. The total study included more than 50,000 accounts from December 2010 to 2020 with investable assets of $50,000 or more. Excludes advisory accounts. Five-year time-weighted (or geometric mean) returns net of commission and fees between January 2016 and December 2020. Past performance is no guarantee of future results. Performance results represent only the results of the survey.

Any opinions are those of Webb Investment Services and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. Raymond James is not affiliated with and does not endorse the opinions or services of Wells Fargo Advisors or Wealth & Investment Management (WIM) Analytics. This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. Investing involves risk and you may incur a pro-t or loss regardless of strategy selected, including diversification and asset allocation. Prior to making an investment decision, please consult with your financial advisor about your individual situation. The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation.