About this episode
It’s no secret that women’s wealth is growing (hello, Great Wealth Transfer) and that we’re investing in the stock market in larger numbers than ever before. A 2023 study by Fidelity found that 60 percent of women are invested in the stock market, up from just 44 percent in 2018. Michele Cagan, author of Stock Market 101 , wants to see that number get even higher. Cagan has spent her career as a CPA and financial mentor working with clients to demystify investing because she knows that getting started can be intimidating, anxiety-inducing, and confusing. She joins us to bust the top 10 myths she hears from people when they get started investing. In Mailbag, we hear from a listener who’s feeling unhappy in her corporate job and is wondering if her family is financially stable enough for her to be able to transition back to freelancing. Chapters: 00:00 - Introduction 04:05: The Top 10 Myths and Facts About Investing 24:05 - Transition to Mailbag 29:52 - Jean's Advice on Job Satisfaction vs. Financial Stability Takeaways: Women's wealth is growing, and they are investing in the stock market in larger numbers than ever before. Investing knowledge is crucial for women across generations to start and stay invested. Women tend to be more risk-averse and consider their financial choices in a broader context, making them better investors. Investing with goals in mind is essential, and socially responsible investing can align with personal values while still generating returns. Understanding financial analysis and doing thorough research is important before making investment decisions. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe ! The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney . Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com . Learn more about your ad choices. Visit megaphone.fm/adchoices