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Tips From Wall Street Trader Lauren Simmons

At 23, Lauren Simmons became the second-ever African American woman stock trader at the NYSE.


AT 23, LAUREN SIMMONS made her mark on history – literally and figuratively. She signed her name into the leather-bound tome containing the constitution of the New York Stock Exchange, becoming the youngest and only female trader at the NYSE at the time. But this wasn't all Simmons became that day.

As she stepped back from the marble-topped table after adding her name to a list containing the likes of Rockefeller and Vanderbilt, the NYSE archivist stepped forward. Simmons, the archivist said, was the second-ever African American woman to sign her name to the book. In the 226-year history of the NYSE, there had been only one other African American woman trader.

Suddenly Simmons' accomplishment felt as bitter as it was sweet. "I was very excited, but also disappointed that in 226 years, I was only the second," she says.

It's a title that's come to define her. Even now that she has left the trading floor, being the second-ever African American woman to break the white ceiling of the NYSE has turned her into an icon.

money.usnews.com
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‘Investing in themselves’: Single female homeownership is booming in New Orleans

Kayci Dickerson knew early on that she would never pay rent.


Dickerson, who grew up in St. Rose, watched as her friends cycled in and out of apartments in the city and suburbs. They spent way too much money on lackluster places, she thought. They dealt with absentee landlords. “It seemed like they were trapped,” Dickerson said.

She chose another route. She stayed with her parents and worked, at one point holding down two jobs as a Walgreens manager and TSA officer. She picked up extra hours and weekends whenever she could. She socked away one salary, and spent frugally with the other. At 29, she purchased her first home, a new-build, three-bedroom ranch home in a quiet Marrero development. It was tough, but it was important to her.

For a long time, homeownership has been seen as a rite of passage after getting married. That was the case for Dickerson’s parents. Many of her friends expect the same. That didn’t sit right with Dickerson.

If you can buy a home by yourself, she asked, why wait? Dickerson’s story isn’t conventional, but it’s increasingly common, and nowhere more so than in New Orleans.

Single women are now the country’s second largest group of homebuyers, buying up property at twice the rate of single men, according to data from the National Association of Realtors. That’s due in part to millennial women buying their first homes. But young Baby Boomer women are even more apt to jump into the market solo. In 2018, one in four buyers ages 54 to 63 were women, NAR reports.

www.nola.com
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Here's how I taught my daughter to invest like a pro

Women are hard-wired with the traits that make excellent investors. It’s a shame most of us express a lack of confidence in money matters.


Here’s what women and their daughters need to remember:

Don’t pass on your financial decisions UBS, in a recent study, measured the percentage of women “deferring” investment and financial decisions to their husbands. Deferring is rampant among women of all ages but especially among younger ones. Fifty-nine percent of women ages 20 to 34 leave financial matters to their spouses. This is higher than the 55% of women at least 51 years old who defer to their husbands. The trends are worsening, rather than improving.

Women have good investing instincts

The research demonstrates that women make better investors than men. We do more research, trade less and process multiple data points effectively between our left and right brain hemispheres. Important traits for investing. Why then do we excuse ourselves from the conversation?

www.usatoday.com
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The Single Woman’s Investment Guide

Investing early and often is even more important for single women who have only themselves to depend on.


Go confidently into your investing future.

Single women face a lot of financial challenges. Chief among them is overcoming the investing confidence gap, the divide between how confident women investors are compared to men. Their lack of confidence often prevents women from investing. Over time, this “can cost you even more than the more notorious gender pay gap,” says Shelly-Ann Eweka, a wealth management director with TIAA in Denver. “Unlike the latter, this one is totally in our hands, because boosting your confidence level requires nothing more than a bit of effort.” To that end, here is your Single Woman’s Investment Guide: 12 investing tips to help you invest better and braver.

money.usnews.com
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3 Retirement Challenges Facing Women Investors

Here’s what you can do to address them.


Today, women have more choices than before – from career and leadership opportunities to raising a family or pursuing passions. But, balancing daily life with planning for the future can be challenging, especially when the deck is slightly stacked against us.

Here are three retirement challenges facing women investors, and ways to address them.

1. Impact of pay gap and time away from work. It's important for everyone to invest early and often, but for women the need is even more so. This is due to two main factors: the pay gap and time spent away from the workforce. The pay gap still stands at 20 percent in 2017 according to the Institute for Women's Policy Research and will likely persist for some time. What's more, the pay gap is often magnified as women are pulled away from work to care for loved ones – be it children, aging parents, an ill spouse or grandkids.

Time away from work impacts earnings not just in real time, but throughout one's career. The Center for American Progress found that each year out of work can cost a family more than three times the parent's annual salary in lifetime income. Additionally, time out of the workforce often means giving up important retirement benefits like access to a 401(k) and the associated employer match.

money.usnews.com
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Investing with equal pay in mind may be more difficult than you think #ImpactInvesting

Investors who are concerned about equal pay may want to consider certain gender and diversity funds that are making this issue a priority. When selecting investments, be sure to keep in mind that how these funds advocate for these issues, and how successful certain proposals are, can vary widely.


Women earn just about 80 cents for every dollar that men make, and that difference can add up big over time.

A women who starts her career today will miss out on $406,760 in earnings over 40 years, according to new estimates from the National Women's Law Center.

With more public attention to this issue — and with April 2 marking Equal Pay Day — gender and diversity funds have emerged to help investors identify companies that are paying attention to these concerns.

The universe of funds operating in this area is relatively small. New research from Morningstar identifies a total of 15 equity mutual funds and exchange traded funds that it categorizes as gender and diversity sustainable investments.

But just investing in those funds does not always mean you're directly moving the needle when it comes to closing the gender pay gap. Morningstar's research identifies two key reasons why.

www.cnbc.com
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Here's What Millennial Women Need To Know About Money And The Pay Gap In 2019 #genderpaygap

“My generation failed you. Completely failed you,” said Ellevest CEO Sallie Krawcheck. “We played the game the way it was laid out.”


Equal pay is a big issue, and it’s even the subject of a bill that recently passed the House and is now in the Senate. Women in the US still earn about $0.79 for every $1 a man earns, on average, according to estimates in a new Glassdoor report. The Pew Research Center estimates it to be $0.85. And while the gap is narrower for millennials than it is for older workers, women ages 25 to 34 still earn 86.8% of what men their age earn (it’s 80.1% for women ages 35 to 44), according to the Bureau of Labor Statistics.

The point is, the gender pay gap still exists for young adults, and it’s is even wider for women of color. And this, according to Sallie Krawcheck, CEO of the women-focused digital investment platform Ellevest, is precisely why women need a tailored approach to managing their finances and investing. Krawcheck, previously dubbed the most powerful woman on Wall Street, launched Ellevest in 2016, which “uses an algorithm that accounts for gender differences related to women’s pay, career breaks, and lifespan.” Unequal pay perpetuates a gender investing gap, she said.

For one, “The retirement savings shortfall is a female crisis. We retire with two-thirds the money of men,” and yet women have a longer life expectancy, Krawcheck said at a Women’s History Month event hosted by BuzzFeed in March. That’s a long-term concern, but a real one.

www.buzzfeednews.com
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The Financial Challenges of Women in Transition

Women in transition face many unique financial hurdles, from divorce to selling the family home.


CATHY WAS 60 YEARS OLD when her husband left her for another woman. It seemed a fate too cruel to be true. She'd dedicated her entire adult life to her family, only working briefly as a teacher once the kids were grown. And now, after 33 years of marriage, she was alone.

When she came to Sonya Ranker, a certified divorce financial analyst and certified financial planner at Questmont Strategic Wealth Advisors, Cathy broke down crying in the middle of their meeting. Like so many women going through major life transitions, she struggled to come to grips with the new turn her life had taken.

"Women have this idea in their mind of what their life is and what it'll look like in the future, and whether it's divorce or becoming widowed, that vision has been shattered," Ranker says. "Their life is no longer what they thought it was going to be. Now they have to mourn for that life while starting fresh on the new one."

The financial industry has given these women – women whose lives have been upended by events often beyond their control – a name: They call them "women in transition." And mourning the loss of their former life is only the start of the challenges women in transition face.

money.usnews.com
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11 Inspirational Quotes for Women Investors #womeninvest

Inspirational quotes to motivate women investors.


Investing can feel like a chore, especially for women investors who don't want to play the stock picking "game." Women don't care if their apples are riper than all the rest; they just want to know there are enough to feed their family. But to grow enough apples for your family, you need to start investing – and sooner rather than later. The earlier you start investing, the more time your money has to grow. The corollary to that is the sooner you start, the less you'll need to save to reach your financial goals. Here are 11 inspirational quotes for women investors to motivate you to invest.

"For women, financial independence is a matter of necessity."

Carrie Schwab-Pomerantz, board chair and president of Charles Schwab Foundation, senior vice president of Charles Schwab & Co., and board chair of Schwab Charitable, has “long been a champion of women taking control of their finances as a means of being individually strong, as well as being strong partners and members of their communities.” To be financially independent, women need to invest for their futures. Due to the financial hurdles they face, women can be left with $1 million less than men by retirement. To overcome this wealth gap, women need to invest more and invest earlier.

money.usnews.com
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Unlocking the Power of Women in Investing

The financial services industry is undergoing a dramatic shift.


The next generation of investors will be younger and much more diverse, with women taking an increasingly prominent role in building and growing family and personal wealth.

Today’s infographic comes to us from New York Life Investments, and it showcases how this new paradigm will shape the future of products and services on offer in the industry, as well as how wealth managers can cater to these changing needs.

Women are underrepresented in the investing world, but this is changing fast. While various cultural and societal reasons are contributors to this, there is also a more simple driver: rising economic might.

  • Women-controlled wealth in the U.S. will increase from $14 trillion to $22 trillion between 2015-2020
  • Women control 51% of all personal wealth in the United States today
  • Women are set to inherit $28.7 trillion in intergenerational wealth over the next 40 years
www.visualcapitalist.com
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6 Daily Habits to Create Financial Success in 2019

Your daily habits control whether you get ahead or fall behind financially.


If you're struggling financially or just want to achieve more challenging financial goals this year, make tracking your income and expenses a habit.

If you're making New Year's resolutions, you've probably thought about your finances and habits to adopt or drop this year. The difference between getting ahead or falling behind financially usually comes down to small actions you repeatedly do.

If you want to create more financial success in 2019, try implementing these six daily habits.

money.usnews.com
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The One Thing All Women Should Do to Retire Rich

Don't just bet on the lottery. Here's a sound means of planning for retirement that actually works.


When compared with men, women are much less likely to invest their savings and thus miss out on significant wealth, especially in retirement years. This fact is especially important when you consider the reality that, on average, women live longer but earn less than men.

The One Thing Women Should Do to Have At Least $1 Million in Retirement Source: Shutterstock In other words, there is a severe pay and pension gap between the genders.

Although closing the pay gap may be beyond the control of most workers, closing the pension gap is far easier than one initially assumes. While some might think they’d have to win the lottery in order to have millions in the bank at retirement, that’s simply not true.

Consider that if you win the Mega Millions, your prize is $1 million, but your chance of actually winning is a dismal 1 in over 12.5 million. Meanwhile, thanks to the power of compound interest, you can still have $1 million or even more in your account if you invest your savings, especially starting at a relatively younger age.

www.investorplace.com
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Why More Women Should Invest In Real Estate

By keeping more of their money in savings accounts rather than investing it, women are missing out on substantial opportunities to build wealth for themselves and their families


The first time I attended a real estate investing conference, I was shocked and pleasantly surprised to find absolutely no line for the women’s restroom during break time. As I washed my hands in peace in the mostly empty restroom, I started to wonder why this was. Where were all the women?

It turns out that, while there are many female real estate agents, there are relatively few female real estate investors, which mirrors the gender disparity in stock market investing. According to a 2018 study by Fidelity Investments, only 29% of women see themselves as investors, and less than one in four women are comfortable with their knowledge of investing.

As a female real estate investor myself, I completely understand. The investing world, whether it’s stocks or real estate, can be an intimidating place full of jargon. But the fact of the matter is, lack of action and fear of investing cost women dearly.

While most people are aware of the wage gap, few are aware of the investing gap, which can cost women $1 million or more over the course of their lifetimes. This disparity is even more pronounced given that women tend to live longer than men and incur greater healthcare costs in retirement.

www.forbes.com
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The biggest financial mistake women make? Not investing enough.

Women are natural investors; many just don’t realize it


Financially and otherwise, the deck tends to be stacked against women.

The wage gap, which stood at 20 percent in 2017, is the most blatant example of that. If current trends continue, that gap is unlikely to close in the U.S. for another 40 years, according to an analysis by the Institute for Women’s Policy Research.

While they wait, women might aim to close a gap over which they have more direct control: the investing gap.

When compared with men, women are much less likely to invest their savings – and miss out on significant wealth as a result. In a recent survey from Fidelity Investments, only 29 percent of women said they see themselves as investors. That needs to change.

www.usatoday.com
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Is Your Mother, Wife, Daughter Investing? Are You?

Why Women Need to Start Investing Now


Dear Readers: My last two columns have focused on what are, to me, two very important topics: the importance of investing and how investing in a 401(k) is one of the easiest and most accessible ways to get started. Historical statistics and personal experience with all types of investors leave me with no doubt that, over time, investing in stocks can be one of the best ways to grow wealth and achieve financial security.

"OK," you may say, "I get it." But a recent Schwab financial literacy survey of the money attitudes of young adults demonstrated that there's one group that still has a long way to go in "getting it" — women. And this, as you might imagine, disturbs me greatly.

According to the survey, young women were half as likely as young men to have an investment account. That's not to say the women surveyed weren't interested in finances. They worked several jobs, saved, paid off debt and saw the importance of a financial plan. They just didn't invest. So, why is this?

www.creators.com
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Why women investing in women matters #womeninvest

"Most women face problems to be seen as professional entrepreneurs." One key way to overcome this is to correct the imbalance on both investment and founder teams.


Efrat Roman had a double mastectomy at 41. After the procedure, finding that there was little available in terms of post-treatment advice and products, she created one herself: EZbra, a designated post-op dressing for women who have undergone breast procedures.

For her, the surprise was that, up until this point, no one had thought of this before. But she had an idea why after showcasing her product to medical professionals. "Most surgeons are male, and most patients are female. It was somewhat of a blind spot for them, and they never paid attention to what it was like for women in that situation," Roman said.

The male-dominated investor circle was not much different. EZbra's product straddles the line between a medical device and a consumer product; as well as being a sterile dressing, it is a wearable aid focused on the well-being and comfort of the user. For several male investors, this was a turnoff.

"The moment [the product] became something dealing with self-esteem and well-being, it became a problem for male investors," Roman said. "The feedback was ‘it's nice', but they did not understand. They were sympathetic, but between that and investing there was a wide gap.

"In many cases where we spoke to male investors, it felt like they thought it was a woman's thing: It's not a startup, it's not medical, it's not serious enough. But we're talking about half the population. It felt like they were petting us."

www.pitchbook.com
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Women Need to Think About Investing Differently Than Men

We live longer and earn less, on average. That changes how we need to save.


ou know how to run a meeting, give a kickass presentation, and code an app that you’re developing on the side. But investing? Chances are you could do more.

For various reasons, investing continues to be dominated by men, and financial literacy tends to be lower among women, despite the fact that being a savvy investor is an important skill for anyone of any gender. According to the TIAA Institute – GFLEC Personal Finance Index, men showed higher financial literacy than women, answering more questions correctly (21 percent of men answered 75 percent of the questions correctly, compared to just 12 percent of women).

The results, while frustrating, shouldn't be surprising. Women are hit with a double whammy: Not only is personal finance and investing rarely taught in schools or at home, but women are often discouraged from talking about or managing money.

www.marieclaire.com
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5 Things Mentally Strong Women Know

Mentally strong women are made--not born.


I spend most of my time talking about the bad habits that rob people of mental strength. In my latest book, 13 Things Mentally Strong Women Don't Do, I identify the unhealthy habits that women are most likely to engage in.

But it's also important to talk about the core beliefs mentally strong women possess. Those beliefs guide their decisions and help them stay strong in tough situations. Here are five things mentally strong women know:

1. Societal pressures encourage women to engage in unhealthy habits.


Gender norms, cultural expectations, and the subtle ways girls are treated differently than boys play a role in women's perceptions of themselves and the world. There's a lot of pressure on women to "be" a certain way--like beautiful, polite, and quiet.

Mentally strong women recognize these pressures and they understand how these factors can lead to unhealthy habits--like social comparisons, toxic self-blame, and downplaying their success.

www.inc.com
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Why Women Should Become Investors in 2019?

It is necessary for women to undertake financial planning for the long-term to be able to step-up from the traditional view of being the 'budget queen' to being the 'investment expert' by taking on the right course of action to grow their money


We frequently get deeply immersed in our mundane activities to make a living. So much so that we forget the mere joy we feel as we get our paycheck to meet our expenditures and allocate the remaining sum as our savings. In this process, we neglect the idea of engaging in investing, which is the next essential step to grow our financial health to enable us to fulfil our life goals. Investments are the most pragmatic way to build wealth and can lead to compounding benefits.

Gone Are The Days: Traditionally, men have known to lead the financial investment decisions for the family. However, with a gradual increase in the number of working women, both men and women are now driving these choices jointly. Furthermore, as women are increasingly becoming independent and playing a key role in the decision-making process for themselves and their families, the pressure on women to gather relevant knowledge of personal financing tools and to manage their individual investments has risen profusely.

As Warren Buffet says, “do not save what is left after spending, spend what is left after saving”, is the outlook women must have to proceed in the investment domain.

www.entrepreneur.com
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Investing Opportunities For Women Which Have a Big #Impact #ImpactInvesting

By choosing investments carefully, a woman has the potential to both support herself into her retirement years, generate passive income that will help create a stable living situation, or invest capital in such a way that it will help with educational or other expenses for herself or others.


Over their lifetimes, women make less money than men. This is, in large part, because of the overall wage gap; Hispanic women make around $0.63 for each dollar that a white man makes; Black women make slightly more at about $0.68, and white women are closest to equality with $0.81 to the dollar.

Combine that with the fact that women tend to live longer than men, and it’s obvious that women are going to struggle financially more than men do, especially at the end of their lives.

Smart investing is one way to make up the difference and improve financial quality of life during retirement. How can women find investing opportunities for women which have a big impact?

The first, and most important step of building a strong investment portfolio is to become educated about investments. You need to know the differences between stocks and bonds, how dividends are paid, passive and active income, and how all of these different things will be taxed over time.

This helps you to make sure that you get the right money in the right place at the right time. Don’t be afraid to ask financial advisors questions. If they seem irritated or frustrated with your questions, find another advisor. They work for you, after all.

www.equities.com
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