Liz Young is SoFi’s Head of Investment Strategy, responsible for providing economic and market insights to a variety of audiences. Prior to joining SoFi, Liz was the Director of Market Strategy at BNY Mellon Investment Management where she formulated and delivered views on macroeconomic themes and their effects on capital markets. She is a CFA Charterholder, and member of the CFA Institute and CFA Society of New York. Liz is also the host of The Important Part: Investing With Liz Young, a podcast from SoFi, which takes listeners through today’s top-of-mind themes in investing and breaks them down into digestible and actionable pieces.
Liz joins The 411k to talk about the current state of the market given inflation, Fed rate changes, and a looming recession. She also talks about the importance of taking healthy risks when it comes to investing because often, the best way to learn is to try, fail, and try again.
Here are some of the statistics we shared in this episode:
28% of women feel confident about investing some of their money
74% of retail investors say they would likely invest more if they had more opportunities to learn about investing
40% of non-investors chose not to invest because they did not know how to do so or found it too confusing
50% of women believe investing is a high-risk endeavor
Women in the U.S. believe they need $6,000 of disposable income each month or $72,000 per year before they can begin investing.