Confidence is key: 61 per cent of women in the Acorns study felt they had a low level of understanding when it came to investing, compared to 43 per cent of men.
Ms Sams started the group in October last year, including an online forum where members can post questions.Her experience has taught her many women are not comfortable handling longer-term investments, even if they feel fine managing daily finances. Ms Sheila Handler, a data and policy analyst in Washington, started looking into opening a market-linked retirement account in March and found herself ill-equipped.
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