By: Francis Financial

November 18, 2020

Francis Financial President and CEO Stacy Francis was quoted in an article for CNBC.com’s Invest in You: Ready. Set. Grow series for a November 2020 piece on the biggest financial challenges women face during COVID.

The article focuses on data that suggests that gender, education, and socioeconomic factors affect women’s understanding of finance and lead to a lack of confidence when it comes to saving and investing. Stacy Francis discusses the myths around building a diversified portfolio, how women are uniquely qualified to act as investors, and gives tips on how to save by starting small.

According to Francis, to become more comfortable with investing, women should ignore the “huge myth propelled by the industry that it’s rocket science to build a diversified portfolio and only the smartest people can do it.”

“Anyone can learn about adding a mix of stocks and bonds,” Francis says. “It’s not about choosing a hot stock or the best investment. It is a lot more boring than people believe. You choose an ideal asset allocation, and stick with it.”

She also highlights how the current pandemic can be an opportunity for reassessment and reflection, and encourages women to talk more about money. For women struggling with finances or experiencing stress during the COVID crisis, she says “… it’s not your fault. It’s been difficult for many many women and that is giving them courage to reach out”.

Read the full article here

Learn more about how Francis Financial can help you financially transition through difficult life changes, or contact a qualified wealth management advisor to help you plan, grow, and protect your assets.