It was a November but sunny Friday when I first met Mary for lunch. It didn’t take long to realize that we have a lot in common. We both invest, we want to inspire – and we have already inspired other women to invest as well. After lunch, we decided that we would cooperate in the future. Before that, however, I would do exchange studies in Australia.
Now, a few months later, I had to return from my homeland to Sydney because of the corona. The belief that everything has a purpose was true this time as well because while leaving Australia was wistful, without it I would not be part of the saveinvestprosper team at the moment. It’s great to be involved!
Since the theme of women and placement is close to the hearts of all our women, we ended up discussing it! The idea of this text is to complement the discussion on the podium.
Why don’t women invest more? I believe that history has to provide an answer to this question. All you have to do is 60 years of time travel, and the world looked pretty different in how women and money were treated in the same sentence. So it’s time for the story…
Mystery Investor G. Weiss
Geraldine Weiss, who graduated with a bachelor’s degree in finance and business in 1962, tried to find a job as a stock analyst or broker. At the time, however, women were not believed to succeed in investing, so they didn’t get a job for anything. However, Geraldine did not give up and founded his newsletter Investment Quality Trends.
In the early days of the newsletter, Geraldine introduced herself only by her last name, as women were still not considered credible investors. It wasn’t until 11 years after the newsletter was founded that Geraldine revealed that she was against all presuppositions of a woman.
How did Geraldine do? Not only did she become the first woman in history to set up an investment advisory service, but she had also managed to garner such a loyal (and hard-earning) readership for her newsletter that they no longer cared about her gender. Think!
We have come a long way from the days when, as an investing woman, I first had to prove myself for 11 years. When you look at Sophia Bendz, for example, or the 11 successful female venture capitalists on Forbes ’Midas 2020 list, it’s obvious that it doesn’t depend on gender whether or not you can invest. These women have been successful in their investments and careers, as well as crushing even the last prejudices.
But why is it especially important as a woman to invest?
We can be thankful that our society has changed in recent decades and the proportion of women investors has risen.
For me, investing is about taking the reins of my life into my own hands and not leaning on anyone else. I want to be independent (and wealthy!) Woman. I am initiating the placement of a certain kind of pride. Pride in the fact that it is I accumulation of this wealth.
So why is it important to accumulate wealth yourself? I want to be an independent party rather than one that is dependent. And it requires me to take responsibility for my future.
However, keeping in mind that there are as many right paths as there are us humans. Today, the choice is fortunately free, and this is my choice!