By Sara El Kareh
Studies have revealed that from 1960 till 2010, percentage of women in workforce has increased by 15%. Consequently, this increase has affected all our daily balance at work, home or even in financial matters. Yet, women are still capable of managing to handle all, from raising children to taking care of aging parents.
In fact, economy is also being affected on a daily basis, since women are helping to bring higher income to a family and is, just as men, being responsible for saving money for the future.
However, the question here is whether she is ready to be in charge for investing or not. This actually depends on the kind of investment as well as on the type of the woman. Usually, women do not appear to be active when it comes to pure investment as they are at handling financial matters at home. Studies showed that 59% of women considered themselves as beginners in investment, while 78% of men rated themselves as experts.
However, the studies revealed that both genders’ performance in investment is strictly the same, yet women lack confidence and not competence. People usually fear the unknown, and women, with more confidence can actually better understand and predict investments’ risks and rewards.
Therefore, all what is required is that women help themselves build this confidence.
Women must stay updated by following investment news on the internet or reading related articles and books. They have to gain knowledge regarding the current economy in order to be able to make wiser decisions. On the other hand, colleges must prepare individuals to manage financial matters on a personal level and not only for companies.
Moreover, a woman can choose to take courses that offer intensified education in finance and investment, which provide them with more information about the field. On the other hand, a woman can hire a financial advisor, who are said to give more confidence in investment and make one feel more comfortable to ask questions.
Finally, being a dynamic contributor in financial matters in daily life plays an important role in creating confidence in investing. No matter whether you’re single or married, take time to gain more confidence and feel more financially safe for the future.