Advice
Women are taking charge and outperforming men in aspects of investing
The financial landscape is undergoing a significant transformation as the “Great Wealth Transfer” approaches, ushering in a new era of prosperity for younger generations. Over the next two decades, trillions of dollars will change hands, and women are poised to inherit a substantial share, projected to control several trillion dollars in investable assets by 2030. The exciting news is that women are not just passive recipients of this wealth; they are actively taking charge and outperforming men in various aspects of investing.
Steady Progress and Resilience
Research from Fidelity’s October 2023 Women’s Study indicates that women are modeling healthy investing behaviors. In times of market turbulence, women exhibit remarkable resilience, with 51% staying the course during market dips, outperforming their male counterparts at 43%. This steadfast approach reflects a growing confidence and understanding of long-term investment strategies among women.
Active Participation in the Stock Market
A notable trend emerging in the financial landscape is the increasing presence of women in the stock market. According to Fidelity’s study, a staggering 60% of women are actively investing, showcasing a proactive approach and a willingness to navigate the dynamic nature of the market. What sets women apart is their less reactive stance toward recent market ups and downs, demonstrating a strategic and forward-thinking approach to wealth management.
Seeking Financial Guidance
In addition to their active involvement in the market, women are also seeking financial guidance in unprecedented numbers. According to Fidelity’s research, there has been a remarkable 19% increase in women seeking financial advice since 2019, surpassing the 16% increase observed in men. This shift indicates a growing recognition among women of the importance of informed decision-making and the value of professional financial advice.
Closing the Gender Investment Gap
The rise of women in investing is not only a testament to their financial acumen but also a step towards closing the gender investment gap. Historically, women have been underrepresented in the financial world, but this trend is changing rapidly. The “Great Wealth Transfer” provides a unique opportunity for women to shape their financial futures actively.
Empowering Future Generations
As women take the lead in managing and growing wealth, they are not only securing their financial well-being but also empowering future generations. The knowledge and experience gained by today’s women investors will serve as a foundation for financial literacy and resilience in the face of economic uncertainties.
Redefine the Narrative
The “Great Wealth Transfer” presents a historic opportunity for women to play a central role in shaping the financial landscape. The data speaks for itself – women are not only set to inherit significant wealth, but they are also actively participating and excelling in the world of investing.
By staying the course during market volatility, actively engaging in the stock market, and seeking financial guidance, women are demonstrating a commitment to long-term financial success. As the wealth transfer unfolds, women have the power to redefine the narrative and inspire future generations of female investors.
The future of finance is increasingly becoming female, and the possibilities are boundless. For more information on investing, contact Angie Banicki by calling 574-401-6143 or send an email to [email protected].
Check the background of investment professionals associated with this site on FINRA’s BrokerCheck.
1st Source Bank provides referrals to financial professionals of LPL Financial LLC (LPL) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for 1st Source Asset Advisors to make these referrals, resulting in a conflict of interest. 1st Source Bank is not a current client of LPL for brokerage or advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.
Securities and advisory services are offered through LPL Financial, a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. 1st Source Bank and 1st Source Asset Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using 1st Source Asset Advisors, and may also be employees of 1st Source Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, 1st Source Bank or 1st Source Asset Advisors. Securities and insurance offered through LPL, or its affiliates are:
The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY.
Important Disclosures
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments.
All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.
This article was prepared by FMeX.
Tracking #523716