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Webinar Round-Up: Women & Wealth Webinar

Webinar Round-Up: Women & Wealth Webinar

At the end of last month, we held a webinar in conjunction with KeyNote Women Speakers, gathering a group of financially independent women, to share with us their advice on achieving financial freedom. We were happy to have Dipa Swaminathan, Batya Shulman, Katia Melazzi and Patricia Driver share with us their thoughts.

Key Takeaways

Be independent! Take accountability for financial decisions and do the relevant research. Take actionable steps, by getting someone to teach you or even educate yourself on financial matters.

Make a list of financial goals and create a plan to achieve them. Make sure to plan in a sustainable way that you will be able to attain.

Spending above one’s means can result in debt that can lead to financial pressure or remove one’s financial freedom.

Sometimes as women we are hard on ourselves, it's okay to make mistakes. There is no 1 size fits all solution when it comes to investments. Take the learnings in your stride and avoid the same mistakes.

"Someone's sitting in the shade today because someone planted a tree a long time ago."Warren Buffet

Ready to plant your seed? Here are some actionable steps you can take to embark on your journey of financial independence.

It is important to set aside a sum of your income as savings to build up your wealth. A common plan that newer investors start themselves on is the Systematic Investment Plan (SIP) which utilizes the Dollar Cost Averaging strategy to invest a fixed amount of money each month. Click here for more details on how to start on a SIP!

Ensure that you invest in things that you understand. Otherwise, take the necessary steps to educate yourself on the relevant funds. Investments take time and patience.

Explore the various asset classes and invest according to your risk profile. Utilize the Kristal.AI Advisory algorithm to generate a recommended portfolio suited for your risk appetite and investment goals for a more hands-off investment approach!Kristal.AI has also onboarded Gender Diversity ETFs for those who would like to invest in a fund that promoted Gender Diversity!

Impact Shares YWCA Womens Empowerment ETF | WOMN

The fund’s ESG research provider considers four factors to calculate a gender diversity score for each eligible firm: gender balance in leadership and workforce; equal compensation and work-life balance; policies promoting gender equality; and commitment, transparency, and accountability to women’s empowerment. The WOMN index uses an optimization algorithm to select a portfolio of about 200 companies with the highest scores, while maintaining marketlike risk and return. Additionally, companies involved in serious ethical controversies or certain industries (such as weapons, gambling, or tobacco) are excluded from the index.

SPDR Ssga Gender Diversity Index ETF | SHE

SPDR SSGA Gender Diversity Index ETF tracks a market-cap-weighted index of US large-cap companies with a relatively high proportion of women in executive and director positions.The Index seeks to minimize variations in sector weights compared to the composition of the index's broader investment universe by focusing on companies with the highest levels within their sectors of senior leadership gender diversity. It also provides exposure to US companies that demonstrate greater gender diversity within senior leadership than other firms in their sector.Check out the full webinar recording here!

By

Kristal Advisors

March 8, 2021

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