Boss Babes Know Money Is Power. Start Early & Close the Investment Gap with Your First $50 on Us!
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You already know that women make less than men.
20% less actually.*
So while women are almost half the workforce, earn more college and graduate degrees than men, there is still a gender pay gap to this day.
Also? Women’s salaries tend to peak earlier than men and their earnings drop significantly after having a child.* Men’s don’t.
That’s why it’s even more important to save for retirement, especially if you’re female. With females living at least 5 years longer than men*, we have a very unique set of obstacles to overcome with our financials and to make sure we have enough money when we most need it.
That’s why Ellevest exists. It’s an investment service created by and designed for women.
Men are welcome to join as well but it’s the first company to take on the gender pay gap, different lifetime earnings, and longevity into account when constructing a portfolio.
It’s great for women that are just beginning to invest, want a more hands-off approach or those interested in goal-based investing (like Home, Retirement, Emergency Fund etc).
So while fewer women tend to invest vs men, studies show that when they do, they outperform men because they don’t overtrade, don’t panic in down markets, or pay too much in fees.*
When you start with Ellevest, you’ll choose some goals and then rank them in importance. You’ll then fill in some details on your current financial standings and then their system will analyze what you’ll need to achieve your goals. All the while, taking into account your current savings contributions, inflations, salary growth projects and other variables unique to females.
With a $0 minimum and low fees, you could be taking control of your retirement in a few minutes when you set up a customized investment plan. Review first then commit later. Your future mature you will be thanking you.
And for a limited time, our readers can get a free $50 to invest toward their first funded goal with no minimum balance.
We’re excited to be working with Ellevest to start this conversation about women and money. We will receive compensation if you become an Ellevest client.*
*Gender Pay Gap Statistic: Institute for Women’s Policy Research of Pay Equity & Discrimination
*Earnings Drop Due to First Child Statistic: Vox on Gender Wage Gap
*Women Live Longer Statistic Source: Blackrock on Financially Fit Women Investors
*Women Invest Better than Men Statistic: Time.com Gender Wage Gap
*Information was obtained from third party sources, which we believe to be reliable but not guaranteed for accuracy or completeness. The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. The information provided does not take into account the specific objectives, financial situation or particular needs of any specific person.
Investing entails risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.
