Victoria Usher, Founder and CEO of GingerMay, highlights the ongoing gender inequality in the world of finance and investment, where women are still outnumbered by men. Recent studies show that women are less likely to invest in stocks and shares online, with many citing a lack of knowledge and understanding as barriers to entry. This limited confidence creates a negative cycle, preventing women from gaining the experience and self-assurance needed to become successful investors.
Closing the investment gap between men and women could have a significant impact on businesses and the economy as a whole. If women in the UK invested at the same rate as men, it is estimated that the volume of assets under private management would increase by $3.2 trillion. Additionally, female investors tend to outperform their male counterparts, partly due to their risk management tactics. By empowering more women to invest, we can also help address the gender pay gap and provide a path towards greater financial independence.
Usher emphasizes the importance of fostering a sense of community around female investment to increase awareness and collaboration. Industry leaders can play a crucial role in encouraging confidence and providing access to educational resources. Platforms like Investmate, Wealthify, and Etoro offer simplified and user-friendly tools for women to learn about investing and practice trading. By demystifying investment and promoting knowledge-sharing, we can break the cycle of exclusion and inspire more women to participate in the financial market.
To inspire change and unlock the power of greater female investors, a shift in mindset is necessary. Investment should no longer be seen as a male-dominated sector but as a space where women can thrive and contribute positively. By promoting confidence, building knowledge, and encouraging active participation, business leaders can help drive gender equality in finance and stimulate economic growth. Collaborative efforts to support and empower women in investment will not only benefit individuals but also contribute to the overall success of the UK economy.
