Point A to B
Points of Interest. Shortest Point. Get the Point.
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| from WE magazine |
While I can only find US statistics on the new wealth now in
the hands of women, the numbers are fantastic. American women now own and
control 60% of private assets, which amounts to $16 trillion dollars. (see the
article ) And why do I find this good news? Because more than 70% of
married women fire their financial advisors within one year of their
husbands’ deaths (Pershing Investments Women are not a niche market ) The main reason? Women find the advisors don’t understand them because
truth be known, women are value-investors and that’s good news for the Impact
Investment field.
I watched a YouTube video called Mainstreaming Impact Investment on the sector's new reality. Again, it’s US content for women and new investors but the numbers
are unbelievable. What’s even better is the expected long-term
gains that will come from Millennials. Yes, these young people
who receive so much bad press for living at home, avoiding the corporate world
and delaying major life events are intent on using money for good and they are
set in the next few years to begin impact investing with $1 Trillion US
dollars. Think what this will do for the world of social innovation, poverty
reduction, healthcare improvements, affordable housing. The list can go on ~ and
it will.
These two populations have been left out of the traditional
investment world but they will suddenly become the power brokers. Considering
their interests, it gives me faith that the world will become more
balanced and money will be used in the service of human kind and not just to
make more. What gives me such confidence? There are new studies indicating
that women, by nature, are better investors. Their long-term gains are better,
they outperform men in their portfolios and they reduce volatility in the
market. You can read the information yourself form TD Bank ’Are Women Better Investors? and MSN.
And the long-term gain part? The number one
indicator of successful women who manage their own money was that someone
taught them. Do you really think all these wealthy Boomer mothers will forsake
their children?
The world just got richer in the best way possible – through
caring.
