I’m a Female Stock Broker and I Can Lose You JUST as Much Money as a Man

My name is Grace and for the last seven years I have worked as a stockbroker on Wall Street. Over this time, I have witnessed first-hand the unfortunate sexism that still permeates the financial industry — both internally from colleagues and externally from clients. Today, I want to set the record straight: 

I can lose you JUST as much money as a man.

True, in decades past, not as many women pursued full-time careers. It wasn’t nearly as common for females to attend top-tier MBA programs and dedicate two years of their postgraduate lives to rigorous experimentation with cocaine in a vain attempt to stave off the existential dread of adult life. So it naturally followed that the majority of corporations, individuals and families alike entrusted their savings to men to gamble away. And while it does take time to change habits, especially ones regarding financial planning, I believe the time to shift public opinion is now.

Today’s women are just as capable as men of doing poor market research and refusing to hold enough of your wealth in safe money market funds. And while I’ll admit it was impressive how quickly Jimmy from Citi was able to lose all three of your children’s college funds during the height of the ‘08 financial collapse, over the past several years female stockbrokers have grown by leaps and bounds in our ability to blindly trust our trades and refuse to alter course for the benefit of our clients — no matter how poor our choices appear to be.

It is common knowledge that men may always have the edge when it comes to inciting the stock market collapses that lead to financial crises. But now more than ever, women can ensure your wealth is just as tied up in foundering financial institutions when those crashes occur.

To learn more about destroying your generational wealth the 21st century way, contact grace@ramseywealthadvisors.org