This week’s financial infographic depicts something I see every day – the ever-growing number of female traders entering the financial arena. It’s not just traders; more and more women are attending my financial education seminars, opening accounts and expressing a general interest in the market. I won’t pretend to know why women are starting to make up larger percentage of the self-directed investor pool, I just know it is happening more and more so everyday.
Perhaps the numbers are growing as more females enter the workforce each year. No longer are they staying home and depending on the man to generate the income and decide where and how to invest the money. Women are filling prominent positions within organizations and they need and want to know how to make their money work for them.
According to City Index, the number of accounts opened by females in 2011 was 14 times the number in 2001. That number’s even more significant when you figure that the number of new investment accounts overall has flattened out for the last year or two thanks to headlines like the flash crash and Bernie Madoff type rip-offs.
Even more staggering is the fact that the top 20 traders have posted of average annual return of $436,000. Who knows what that is in percentage terms, but I’m guessing it’s equally impressive.
What do these female investors do for a living? According to this infographic – absolutely everything with occupations ranging from director to self-employed.
READERS: Why do you think the number of female traders has risen so much? Do you think the trend will continue or even accelerate?