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F ourteen years ago, I edited a magazine for investors. I took over the job from another woman, many of the journalists I commissioned were women, and most of the press officers I spoke to were women. But when it came to the fund managers we interviewed, almost all were men. The readership, too, was overwhelmingly male. An adage in the financial sector goes that women save and men invest — and this still rings true.
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The Number Of All-Female Angel Investment Groups Is Exploding

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Where Are They Now: The Beardstown Ladies - WSJ

A common misconception around investing is that you have to be an expert in the industry to succeed when the reality is that there are so many tools and resources that make easy to start investing with as little as your pocket change. But why is it such a necessary part of personal finance? In the face of issues like the gender pay gap and the pink tax, investing is one of the best ways for women to ensure that they have the potential to accumulate the same amount of wealth as men. Whether you are looking to go back to school, save up an emergency fund, send your kids to college, save up for a large spend like a house or wedding, or just grow your overall wealth, investing is arguably the best way to reach those goals. Women earn approximately 83 cents to every dollar a man earns, on average. In addition, women also tend to live longer. Basically, less money has to last longer when women simply save their money without an investing strategy.
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Where Are They Now: The Beardstown Ladies

If you can't beat 'em, join 'em. And if you can't join 'em, well, then start your own. That seems to be the attitude of women who for years wanted to join exclusive investment groups that made millions funding startup companies , but found it hard to break into this male-dominated world.
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The Beardstown Ladies is a group of 16 women in their 70s who formed an investment club , formally known as the Beardstown Business and Professional Women's Investment Club , in Beardstown, Illinois in in a church basement. In March , Shane Tritsch published an article in Chicago titled Bull Marketing: Debunking the myth of the Beardstown Ladies and their spectacular stock market gains. The article noted that the club included a disclaimer in its books that the published returns included fees that were charged to members. After an audit by PricewaterhouseCoopers , the club noted that it had made a computer formula error in calculating its returns and its actual annual returns were 9. This revelation led to a class action lawsuit against publisher Hyperion , a division of The Walt Disney Company , which settled the case by offering to swap the Beardstown Ladies books for other Hyperion books.
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