This women’s day, we at Orowealth are celebrating by empowering women to take charge of their investments. We all know who the boss is at home. So, we took a look at myths and reasons and found why women should boss the finances too.
You see, women aren’t clueless when it comes to investing. The problem, as with most problems is a matter of perception. We have assigned roles for everything under the sky and classified them under men and women. This has to change. If a woman can nurture something as complicated as life, she can nurture money as well. Easily. They have the right of passage to their goals by way of investment.
What a man can do, a woman can too. It’s as simple as that. Women are always adept at seizing control of things and the more opportunities they are given in financial matters, the more they will grow as an investor. They can create their assets, manage their accounts and who is to say they won’t be better than their counterparts in doing that? Who’s to say their efforts might help men from unfortunate incidents?
We took a look at what happens when women invest and busted some myths along the way.
Men are better investors:
The myth that men are better investors is just that. A myth. According to fidelity investment’s new data, where they sifted through more than 8 million accounts women not only saved more than men (0.4 percent) and also their investments earn more annually (0.4 percent). A raft of studies show that women do more research, are better at matching their investments to their goals, trade less and remain calmer during market upheavals.
Women, investors carry more risk:
Years and years of experience of managing the household finances, from vegetables to the rent under strict budgets have wired an ideal investor in an Indian woman’s mind. They are more disciplined than their male counterparts. This helps them fetch better returns, unlike men who trade up to 45-50 percent more frequently.
Everybody faces financial decisions but most of them are taken by men. There comes a point in every woman’s life where they will solely be responsible for the business – whether from staying single, experiencing divorce or just living longer. So it’s vital that this bias is demolished and women start making more decisions, financially.
We took the liberty and listed down a couple of reasons why women should invest, and regularly.
We recommend to all women readers that if you don’t invest your money, start investing irrespective of how small the amount be. While your husband or father investing is a good thing, you too should get involved in the investment process. You must ask questions and keep a track of your money irrespective of how much you earn vis-à-vis your male counterpart.
Even starting a small SIP will help you get the feeling of investing so that you can see your money grow. Your confidence will grow along with it. While earning money undoubtedly makes you an independent woman, it is also important to think long-term. Irrespective of who is going to be with you in the future, it is very important to plan for yourself so as to make yourself financially independent.
This women’s day, gift yourself financial freedom and start investing. We at ORO, pledge to stand by your side and help you take the first step towards your financial independence. Should you have any questions, feel free to connect with us at connect@orowealth.com and we shall be glad to help.
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