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2023 | Book

Wealth Accumulation is an Attitude: Investing for Your Future Requires a Few Goals and Much Less Capital Than You Think Read chapter Read first chapter

The Women's Guide to Successful Investing

Achieving Financial Security and Realizing Your Goals

Author: Nancy Tengler

Publisher: Springer International Publishing

Part of: Springer Professional "Wirtschaft+Technik" , Springer Professional "Wirtschaft"

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About this book

It is no secret that women are increasingly controlling wealth. Estimates suggest that women control more than 50% of all wealth and growing. Importantly, 95% of women will be their family’s primary financial decision maker at some point in their lives. Yet recent studies show that Millennial women are deferring financial and investing decisions at a greater pace than Baby Boomer women. Targeted to all women “with a clear recognition that though the objectives and needs of this vast segment may not necessarily be homogeneous, women share common challenges when it comes to investing, this book provides clear instruction and a series of Intelligent Investing Rules for women to live by, especially in these times with sticky and persistent inflation and rising interest rates.

The Women’s Guide to Successful Investing demonstrates how women can develop the knowledge and skills required to accumulate wealth and build an investment portfolio for the long term. Providing proven wealth accumulation strategies, tailored advice, and a comprehensive market analysis, this second edition is a must-read for female investors who want to master volatile markets with long-term success. Written by a female CEO, CIO, and investment manager whose career has spanned 38 years, the book offers a much-needed blueprint for investments for women.

Table of Contents

Frontmatter
Chapter 1. Wealth Accumulation is an Attitude: Investing for Your Future Requires a Few Goals and Much Less Capital Than You Think
Abstract
Which is not to say it is not for men. Anyone interested in achieving financial independence for themselves and their family will benefit from reading these pages. But my focus is women in particular, women who, for too long, have been left out of the financial dialogue or have, perhaps, excused themselves from the conversation altogether. Since many women oversee their family finances, this deficit in our financial education creates at best a lost opportunity for the balance sheets of most American households. And because the research shows that at some point in her life virtually every woman will become responsible for managing her family’s wealth, we owe it to ourselves (and our heirs) to become more financially savvy.
Nancy Tengler
Chapter 2. Saving to Invest is the Best Strategy
Abstract
Indulge me with a confession about the time I paid $1099.00 for a sweater in September of 1988. That was a great deal of money back then; it is a great deal of money now, especially for a sweater. Just two weeks after my first child was born, I engaged in two major transactions in one week: a purchase and an investment.
Nancy Tengler
Chapter 3. Covid-19 Hit Women’s Finances Much Harder Than Men’s: Women Left the Workforce En masse—At What Cost?
Abstract
The COVID-19 shutdown had a profoundly negative effect on women’s finances. According to the US Chamber of Commerce, in April of 2022, women’s labor force participation rate was still 1% lower than it was prior to COVID-19. And, in March of 2021, right smack in the middle of the pandemic CNN reported that more than 2.3 million women had left the workforce according to the Bureau of Labor Statistics (BLS).
Nancy Tengler
Chapter 4. It’s True! Women Make Better Investors Than Men (Sorry Guys). Women Inherently Display the Traits Required for Successful Investing
Abstract
Let's begin with what the research tells us about women and investing. Dozens of studies have been conducted over the last two decades examining women’s attitudes toward their finances and the topic of investing. Two consistent themes emerge when it comes to individual investors. First: all the studies conclude that women’s portfolios outperform their male counterparts over every time period measured.
Nancy Tengler
Chapter 5. Developing an Intelligent Investing Strategy All Your Own: Like Any Discipline, Sound Investing Can Become Muscle Memory for the Diligent Student and Practitioner
Abstract
Over my thirty years as a professional investor, I’ve heard every cocktail party stock tip and market timing success imagined: I’ve come to understand that with one hand wrapped around a highball, everyone’s a winner.
Nancy Tengler
Chapter 6. Developing an Investment Discipline That Will Achieve Our Goals—Continued: The Stock Market is a Tug of War Between Fear and Greed; Arm Yourself with the Tools to Succeed
Abstract
One of the first things every investor learns is not to take themselves too seriously. Arrogance is the first step down a slippery slope to potential portfolio losses. Just when we think we know all there is to know about a company, a new technology is introduced, and today’s industry leader becomes yesterday’s innovator.
Nancy Tengler
Chapter 7. Construct Your Portfolio Like a Dinner Party Invitation List: Holdings Should Be Balanced and Behave Well If Things Get Out of Hand
Abstract
If you’ve ever been held hostage to an obnoxious seatmate during a dinner party, you understand the value of a well-thought-out invitation and seating plan. The companion who talks too much, drinks too much, or displays bad table manners can turn an enjoyable evening out into an ordeal. A good host or hostess knows this and will create an invitation and seating list that complements each guest’s interests or vocation. Because when the conversation and camaraderie are humming, the party is a success.
Nancy Tengler
Chapter 8. Apple, Inc.—A Case Study in How to Select a Core Holding: A Role Model Investment You Will Want to Emulate
Abstract
If you are a woman who makes lists, investing is the perfect opportunity for you to engage in the practice. A number of books have been written on the topic of how to create an investing checklist, and though I haven’t read a book on the subject, there is certainly merit to the idea of establishing a rigid survey method. Constructing a checklist of quantitative valuation criteria and qualitative product and management criteria lends discipline to decision-making. And discipline—as we have discussed—is good.
Nancy Tengler
Chapter 9. Mutual Funds Are So 1990, How to Use Exchange-Traded Funds to Round Out Your Portfolio Holdings. To Crypto or Not to Crypto and What the Heck are Meme Stocks?
Abstract
By all accounts, the first and still largest ETF, the SPDR (which tracks the S&P 500 and is referred to as the “Spider”) was launched by State Street Global Advisors in 1993. There were a few earlier funds, but State Street’s was the first commercially viable launch and remains the largest ETF with over $365 billion in assets. Pattie Dunn, the first woman to serve as CEO of a large investment management investment company in the United States was responsible for creating the first ETF franchise—the iShares. As CEO of Barclays Global Investors (formerly Wells Fargo Investment Advisors) Dunn, in 1996, took the industry lead launching the iShares family of ETFs.
To Crypto or not to Crypto and what the heck are meme stocks?
Nancy Tengler
Chapter 10. A Case Study of a Fallen Consumer Discretionary, Tech, E-Commerce Company: Amazon and Stocks to Own for a Lifetime
Abstract
Investing is analogous to many things. Most professional investors are loathe to make the comparisons, though. They want investing to sound smart. Clever. Difficult. They need their clients to think they are incredibly well informed and working so very hard to protect and grow their assets. The mystique also serves to create a kind of intellectual barrier to entry. The higher the better as far as the entrenched professionals are concerned. I know because I once played the game.
Nancy Tengler
Chapter 11. Five Critical Lessons and Warnings: Don’t Touch a Hot Stove, Don’t Talk to Strangers, and Other Lessons for the Ages
Abstract
As with most things in life, you will quickly acquire your own investing experiences, both good and bad. And you will likely develop your own lessons and warnings; perhaps a list of “dos and don’ts,” or “never agains,” or even “next time I’ll try.” That is as it should be. But, for now start with the lessons and warnings in this chapter. Modify them as you see fit, add your own, and remain firm in your determination to avoid as many investing pitfalls as possible. It is much wiser to exercise caution in your investments, to get on base with singles and doubles rather than to swing for the fences. Smart women take informed risk. Doing so increases the odds we will keep out of trouble, avoid big losses, and protect our hard-earned and carefully saved money. Our Intelligent Investing Rules will keep us focused. These warnings will keep us out of the weeds.
Nancy Tengler
Chapter 12. Twelve Intelligent Investing rules—And One More for Good Measure: Rules for Women to Invest by
Abstract
I knew a fellow who was remarkable for the consistency with which he made poor decisions. In fact, referring to him I once quipped, “His every decision is perfectly incorrect.” Of course, that wasn’t entirely true. He was bound to be right once in a blue moon but he certainly was an excellent contrary indicator because he was mostly wrong. However, when we employ a sound investment discipline, we put ourselves in a position to be mostly right. And being mostly right makes us money over time.
Nancy Tengler
Backmatter
Metadata
Title
The Women's Guide to Successful Investing
Author
Nancy Tengler
Copyright Year
2023
Electronic ISBN
978-3-031-38373-1
Print ISBN
978-3-031-38372-4
DOI
https://doi.org/10.1007/978-3-031-38373-1

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