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US women bridging investment gap through financial advisory groups

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WASHINGTON: As a professional woman in her late 30s, Ms Kate Packard was keen to start investing. Like many novices, her enthusiasm took a knock when she hit a wall of impenetrable jargon and was all but killed off by 'mansplaining' from the men around her. 'They'll be...

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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