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Dear
Amy,
I
am working as a graduate intern at a small mutual
fund company. Every quarter we publish a shareholder
report in which we have a section entitled "Women
and Investing." It is currently my responsibility
to research a topic and write about it. The problem,
though, is that every article or author that mentions
women (specifically) and investing are written
very simplistically and really don't focus on
WOMEN and investing. Instead they solely focus
on investing basics that are suitable for both
men and women. Do you have any suggestions of
where I can look or which authors to read?
Thank
you,
Lauren
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Dear
Lauren,
I
get many shareholder reports and none have a section
on "Women and Investing," so I was curious to
learn about the existence of such a focus. However,
I have heard of few funds that focus on women
-most well-known is Amy Domini and the Domini
Index - this index prioritizes women-friendly
businesses and targets women investors, so that
might be your best starting place. I think the
most important thing to keep in mind is the difference
in how men and women approach investing. My instinct
is that women are more likely to invest in less
risky, blue chip stocks, and are probably more
likely to invest less money for fear that it will
go away or because they are usually in need of
liquid assets.
Also,
many women fear ending up alone with no money.
I think that you have to challenge that fear or
at least address it by encouraging women to take
steps earlier to prevent that from happening later.
Good luck.
Amy
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