Women Take Stock Women Take Stock

We're back! We we're excited to kick off season 2 with a conversation about resolutions, the upcoming year, our goals and how to keep yourself in the game. We talk about the mindset of "always an investor", defining that you are an investor regardless of how active you are in the market one day to the next or how much money you have invested. 

Listen to how we replace the old-fangled New Year Resolutions with positive Financial Resolutions, and how to cope with a changing financial situation.

Also in this episode, we are looking to continue the conversation with our listeners by inviting you to share your stories with us. If you've got a story about your financial resolutions and goals in 2022 or your journey as an investor that you want to share, send it to us via our site or social media -- in text, video, voice memo...however you like!

Welcome back to Women Take Stock!

Welcome to our premiere episode, in which four friends:  A. Say hello!  B. Fess up to ignorance... and wisdom! C. Talk about one of the most taboo subjects among friends... money! & D. Establish a few challenges for the weeks to come. 

In today's episode we talk about what makes an expert and, you know, how to differentiate expertise from, say, mansplaining. Who should we believe?  Who should we trust when we're trying to figure out how to invest? Because, really, at the end of the day, is there a difference between investing in the stock market based on the so-called "experts" or from fortune tellers? Should we just pull a few tarot cards to get some guidance on how to invest? We put it to a (very unscientific) test. 

Sometimes it really does seem like the stock market has a mind of its own. But we know better than that, right? Our minds are the ones that actually move the markets. That’s both a good and bad thing; we are human, after all. We all know that the human mind can get fogged with all sorts of nuttiness. So what sort of psychological make up makes for better stock pickings? The good news? Women investors on average tend to perform better than men. The bad news? We can get in our own way. Today, we have a special interview with MarketPsych’s Frank Murtha, a psychologist who is an expert in behavioral finance and the author of the book MarketPsych: How to Overcome Fear and Build Your Investor Identity, and we learn a mind game or two that could help strengthen our positions. 

In this episode, we try to get a handle on something that can be hard to handle. The market stock market can dive and jump and it can feel like we have no control over it. It's like a bull and a bear having a fight up and down and all over the place. Do you want to try to get in there before they can find some peace? Maybe, maybe not. But these days, with the market swinging like a gorilla on a tire, hanging from a tree at the zoo is definitely a question we want to explore, because as a beginning investor, it can be hard to look at those jagged up and down graphs and know whether to buy, sell, or hold.  

Enjoy our last minute holiday spectacular in which we kiss (actually, kick) 2020 goodbye. Or, maybe we should call it a holiday hang out. We need to manage expectations, right? No singing and dancing here. Instead, in this episode we check in with each other to assess what we've learned about stock investing (and cryptocurrency!), how far we've come, and make a few predictions for 2021.