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“Sticking to fixed deposits will not help, because inflation will eat away your money” Deena Mehta, the lone woman member on BSE’s board of directors, says that keeping women and children out of the financial arena is something a family cannot afford today
“W
omen definitely make better investors, because investing, by definition, is a game of common sense and patience—which women possess in spades,” said Deena Mehta, the lone women member on Bombay Stock Exchange’s (BSE) board of directors, while speaking on the occasion of International Women’s Day at the Moneylife Foundation on 8th March. She said that keeping ng women and children out of the financial arena is something a family cannot afford today. “Simply sticking to fixed deposits will not help, because inflation will eat away your money. oney. Understanding the market is necessary; y; and it is not difficult. If you can take ke the pains to learn, not only will you u make money, you will also contribute te to family fortunes,” said Ms Mehta. ehta. Almost all families are financially sick today,
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because they don’t pay attention to their financial health, she said. “Women must educate themselves about investing in the market, because if you miss the market, you are missing a lot, and losing a lot of money in the process,” she said. She also gave some handy tips on how to start investing. “Read the newspapers, and start tracking companies,” she said. “Start with a small amount and low-risk with low risk products. And, remember, invest only smile. what you can spare to waste,” she added with a smil Many international studies have shown that women are wiser in investing and manage finances better—be it at home or at the workplace. India’s top banks have seen prominent women administrators Lal Kidwai, Chanda and heads like Naina Kochhar, Ranjana Kumar, Kalpana et al. Morparia, However, finance and, in general, economics, are `` Deena Mehta, director, Bombay Stock Exchange
3/17/2011 8:54:28 PM