Ep442 - Simran Kaur | Girls That Invest: Your Guide to Financial Independence
Apr 30, 2024
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Simran Kaur, founder of Girls That Invest, discusses promoting financial independence for women. Topics include demystifying financial jargon, trends in investment strategies, navigating tech industry equity, and embracing financial goals.
Empowering women financially through tailored investing education is crucial to bridge the wealth gap.
Women are not risk-averse but risk-aware, emphasizing the need for financial knowledge and representation.
Diversification is key in building an investment portfolio, similar to choosing friends with different traits.
Deep dives
Empowering Women Through Financial Education
Simran Core, a globally recognized investor, discusses her book 'Girls That Invest' and her mission to empower women financially. With a multi-million dollar media company and a top investing podcast for women, she addresses the need for more investing education tailored to tackle the wealth gap women face.
Overcoming Misconceptions About Investing
Core debunks common misconceptions about investing, emphasizing the importance of knowledge and representation for women in the financial realm. She highlights that women are not risk-averse but rather risk-aware, encouraging them to learn about investing to bridge the gender gap in wealth accumulation.
Building a Healthy Investment Portfolio
Core compares building an investment portfolio to choosing friends with different characteristics. She recommends allocating investments based on age, risk tolerance, and financial goals. Core advises against timing the market and suggests diversifying investments across stocks, bonds, and funds.
Investing in Company Shares and Diversification
When investing in company shares, it's essential to consider diversification to reduce risk. Holding shares for employer stock can offer benefits like discounts or packages, but it's crucial not to overexpose your portfolio to a single company's shares. Maintaining diversification by allocating a small percentage of your portfolio to company shares is recommended. Seeking unbiased advice from employer resources can help in making informed decisions about managing company equity.
Investment Strategies and Behavioral Tips
Developing a clear investment plan and knowing the rationale behind investing can help manage anxiety and emotional well-being. By understanding time horizons and investing in diversified funds like broad market index, international funds, and bonds, investors can mitigate market fluctuations. Embracing different investment personas such as ethical investors or lazy investors can provide insights into one's risk tolerance and investment style. Overcoming analysis paralysis and starting investments, along with long-term investing strategies, can lead to sustainable financial growth.
Globally recognized investor Simran Kaur visits Google to discuss her book “Girls That Invest: Your Guide to Financial Independence through Shares and Stocks.” The book is a step-by-step guide to financial independence from the creator of the investing education podcast, Girls That Invest.
With only 15 to 25 percent of women investing, Simran founded Girls That Invest, a multi-million dollar media company that has amassed over six million podcast downloads and has become the world’s #1 investing podcast for women. As a Forbes 30 under 30, Global Cartier Women in Business Fellow and finalist for Young New Zealander of the Year, Simran’s work has been featured on TEDx US, Forbes, Vogue, Business Insider, and a billboard in Times Square where she rang the NASDAQ opening bell for International Day of the Girl.
Her mission is simple: Putting money into the hands of women. Simran spoke at the UK Houses of Parliament for International Women's Day in March 2023. Her best-selling book, Girls That Invest, has topped charts in the USA, Canada, UK and New Zealand and her podcast is listened to in over 150 countries, demonstrating the need for more investing education tailored to help tackle the wealth gap women are facing.
