WOMEN have traditionally taken a backseat with finances, and are often seen as less confident when managing their money - but times are changing.
When it comes to investing, data from finance app Revolut shows many are powering ahead of men.
Those aged 45-54 performed particularly strongly against men in the same age group last year, in terms of seeing their investments generating higher returns.
image [https://cdn.magzter.com/1583835501/1742609668/articles/QCznTbO6gG5b8pblFTsys/7274642471.jpg]
The research found investments made by women aged 25-34 and 55-64 also recorded higher profits when compared with men in the same age group.
While younger women aged 18-25 recorded less profits than men in the same age group, this age group significantly boosted the number of trading accounts it held, Revolut said.
Overall, the number of trading accounts opened by women in 2024 was up by 31% year-on-year, compared with an increase of 20% for men, according to the platform's data.
It says technology stocks dominated investment trends for UK customers last year.
Yana Shkrebenkova, CEO of wealth and trading at Revolut UK, says: “It’s refreshing but not unexpected to see women finally out-investing men.
“Gen Z women - those in their 20s - in particular are becoming increasingly active in the space and are taking steps to up-skill and close the investment gap, perhaps due to better access to online resources.”
She adds: “While men have historically been considered more confident investors, our data shows that women are becoming increasingly empowered to embrace trading and wealth management.
“It's early days, but the data shows that men may need to take a leaf out of women’s books.
“We only expect the gender investment gap to continue shrinking as women feel more empowered to put their investment skills to good use.”
In general, the value of investments can go down as well as up and investors may get less money back than they put in.
Yana also says that investing is about patience, research, and discipline.
Even if they are just starting small, UK investors sticking to a long-term plan can build up a resilient portfolio, she adds.
Here are Yana's tips for anyone looking to get started.
image [https://cdn.magzter.com/1583835501/1742609668/articles/QCznTbO6gG5b8pblFTsys/9791119767.jpg]
1. Start with "why?"
Yana says: “The hardest step in investing is simply starting.
“Many would-be investors never begin. Before diving in, clarify your goals - retirement, property, a dream holiday whatever drives you.
“Always keep in mind your ‘why?’ and remember, investing is a marathon, not a sprint.”
2. Invest responsibly and consistently
It's important to make sure you've got enough money set aside to cover all the costs of your essentials. It’s also wise to build an emergency fund - a pot of cash savings that can be easily accessed if you suddenly need to deal with an unexpected bill.
Yana suggests: "Only invest what you can comfortably afford even if it's just £1 - and grow from there.
"Consistent contributions, however modest, can be surprisingly powerful over time compounding is the engine that drives true longterm growth for portfol...
When it comes to investing, data from finance app Revolut shows many are powering ahead of men.
Those aged 45-54 performed particularly strongly against men in the same age group last year, in terms of seeing their investments generating higher returns.
image [https://cdn.magzter.com/1583835501/1742609668/articles/QCznTbO6gG5b8pblFTsys/7274642471.jpg]
The research found investments made by women aged 25-34 and 55-64 also recorded higher profits when compared with men in the same age group.
While younger women aged 18-25 recorded less profits than men in the same age group, this age group significantly boosted the number of trading accounts it held, Revolut said.
Overall, the number of trading accounts opened by women in 2024 was up by 31% year-on-year, compared with an increase of 20% for men, according to the platform's data.
It says technology stocks dominated investment trends for UK customers last year.
Yana Shkrebenkova, CEO of wealth and trading at Revolut UK, says: “It’s refreshing but not unexpected to see women finally out-investing men.
“Gen Z women - those in their 20s - in particular are becoming increasingly active in the space and are taking steps to up-skill and close the investment gap, perhaps due to better access to online resources.”
She adds: “While men have historically been considered more confident investors, our data shows that women are becoming increasingly empowered to embrace trading and wealth management.
“It's early days, but the data shows that men may need to take a leaf out of women’s books.
“We only expect the gender investment gap to continue shrinking as women feel more empowered to put their investment skills to good use.”
In general, the value of investments can go down as well as up and investors may get less money back than they put in.
Yana also says that investing is about patience, research, and discipline.
Even if they are just starting small, UK investors sticking to a long-term plan can build up a resilient portfolio, she adds.
Here are Yana's tips for anyone looking to get started.
image [https://cdn.magzter.com/1583835501/1742609668/articles/QCznTbO6gG5b8pblFTsys/9791119767.jpg]
1. Start with "why?"
Yana says: “The hardest step in investing is simply starting.
“Many would-be investors never begin. Before diving in, clarify your goals - retirement, property, a dream holiday whatever drives you.
“Always keep in mind your ‘why?’ and remember, investing is a marathon, not a sprint.”
2. Invest responsibly and consistently
It's important to make sure you've got enough money set aside to cover all the costs of your essentials. It’s also wise to build an emergency fund - a pot of cash savings that can be easily accessed if you suddenly need to deal with an unexpected bill.
Yana suggests: "Only invest what you can comfortably afford even if it's just £1 - and grow from there.
"Consistent contributions, however modest, can be surprisingly powerful over time compounding is the engine that drives true longterm growth for portfol...
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Birmingham Mail (Digital) - 1 Issue, March 22, 2025