For men who are making jokes about women by holding a cup of tea in their hands, remember that a woman’s portfolio and financial stability are much better than yours. Well, it’s not about laughing at men as a replica. It’s more about unleashing the traits a woman has that help not only in investing but also in making overall financial planning effective in everyday life.
Finance is always male-dominant, but Indian culture is modernising. Corporations are also looking forward to utilising a woman's potential to gain profitability, which also gives women an opportunity to get what they deserve.
Let’s talk about a few traits a woman has that help in investing in creating wealth
Investment decisions should not be made in haste. It is important to take the time to research and understand the investment opportunity and potential risks. Women have an inherent quality to be patient to see the results, which helps them in investing for a longer period of time. When you invest by following a long-term approach, you tend to gain more with the growth of the company.
Every investment carries some degree of risk, and it is important to be aware of these risks before investing. Women have a trait of making decisions after analysing the possible risk. When such quality is implemented in an investing strategy, it gets you long-term benefits.
Successful investing requires discipline and a long-term outlook. Women tend to stay focused on their investment goals, avoid emotional decisions, and stick to their investment plan, which leads to a close probability of achieving their financial goals.
Investment opportunities can come from a variety of sources, and it is important to remain open-minded to new ideas and approaches. Women are always open to taking opportunities without getting afraid of the consequences, as they are ready to learn on their way. It is the most required trait in investing as you need to be open about emerging instruments, which could give you a better way of diversifying the portfolio.
One of the most important behavioural traits you need while investing is calmness, which means not making decisions in a panic. Women are more likely to behave calmly during difficult times. Selling units in a panic because of a market correction is the most common mistake investors make, which can be reduced by utilising the mentality of being calm at critical times.
Women have been underestimated for a long time, which was the biggest mistake corporations have made in the past. It is now improving in the recent past 10-15 years, and now it is high time when not only in education but also in household financial decisions, women need to take charge. It will not only help them in embracing their qualities but also helps in creating wealth for their family and future generations.
Anushka Trivedi is a freelance financial content writer. She can be reached at anushkatrivedi.com