Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money

73% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

  • Profile
  • disruptive innovation

Women in investing: three famous women investors

MyWallSt is celebrating Women’s History Month by highlighting how women can take control of their financial future through investing.

What the world needs is more female investors because, unfortunately, the investment industry remains male-dominated. However, there are still plenty of female success stories we can take inspiration from. It was a tough job to pick just three, but here are some of the biggest women in the world of investing.

This article was originally written by MyWallSt. Read more insights from the MyWallSt team here.

Geraldine Weiss

First up we have Geraldine Weiss. In 1966, she became the first female to start an investment advisory service. Weiss was highly successful in her role, learning everything from books, her family, and by studying business and finance at the University of California, Berkeley. 

However, Weiss found it difficult to land a job in the field of finance as no firm would take her and only offered her secretary roles despite her actually having a degree. She famously quoted:

“It was a man’s world, and women need not apply.”

Fed up of receiving rejection after rejection, she decided to start her own investment newsletter in 1966 at the age of 40. A reader once replied to her letter saying: “I can’t imagine myself ever taking investment advice from a woman. Unless you take your advice from a man”, so she began signing her newsletters “G Weiss” to avoid further discrimination.

Weiss based her investments on a value-based, dividend-oriented stock-picking strategy, which outperformed other newsletters at the time. She became known as the ‘blue chip stocks guru.’ She was also commonly referred to as the ‘Dividend Detector’ as Weiss always found the best stocks that promised great dividends, as she believed that dividends were the ultimate driver of investing as they connected stocks to businesses profits. Over the past 30 years, her investment service’s recommendations have returned 11.2% per year, compared with 9.8% for the overall market. 

Catherine Wood

Catherine D Wood is the founder, CEO and CIO of ARK Invest, one of the best-performing investment management firms in the US. Since its inception in 2014, it has risen to the top of the pile in wealth management.

Wood has changed the game when it comes to ETF investing, taking the key long-term rule of diversifying one’s portfolio and applying it to her strategy of finding stocks with huge growth potential.

The exchange-traded fund industry is known for having a higher-than-average number of women in financial roles, and Wood is one of the high-profile players. ARK’s main ETF, ARK Innovation ETF, has performed extremely well and Wood is very vocal and confident about the firm’s research. Wood’s focus on innovation, “centred around genome sequencing, robotics, artificial intelligence, energy storage and blockchain technology”, has resulted in the ETF’s performance increasing 152.52% in 2020, compared with just over 16% for the S&P 500. 

Sallie Krawcheck

Krawcheck is the CEO of Ellevest, a purpose-driven investment platform that is on a mission to put more money into the hands of women. Krawcheck is regarded as one of the most powerful women on Wall Street and has had some very impressive roles in her career, including her time as the CEO of Merrill Lynch, president of the global wealth and investment management division of Bank of America, among many other high performing roles.

Krawcheck is regarded as one of the most influential people in business and is highly admired for the work she undertakes in educating people, not just women, about the pay divide, gender issues and equality. She openly speaks about the power of money and how vital it is to balance the power between the sexes. Krawcheck explained:

“At its core, we all know that money is power, and that if we don’t have as much money as the guys do, we’re not going to be fully equal with them.”

Female investors

From the women who broke new ground by launching the first female-led investment service, a CEO who is dwarfing Warren Buffett’s returns, and a leader who climbed Wall Street’s corporate ladder to own a company that’s on a mission to get more money into the hands of women — these ladies are taking over the game.

A rising tide lifts all ships and these women are pathing the way for future generations by establishing a clear route for women to follow in the investment world.

The above article is part three in MyWallSt’s Women In Investing series. Check out the other titles in the series so far:

Closing the gender wealth gap by investing.

Why do women make great investors?

 

MyWallSt gives you access to over 100 stock picks, as well as providing free analysis, multiple podcasts, customised market updates straight to your phone, and much more. Sign up for free today.

 

Disclaimer Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.

Continue reading for FREE

  • Includes free newsletter updates, unsubscribe anytime. Privacy policy

Latest articles