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Started By
Message
re: Ignoring Women Costs Finance Firms $700 Billion a Year
Posted on 11/18/19 at 10:29 pm to GreatLakesTiger24
Posted on 11/18/19 at 10:29 pm to GreatLakesTiger24
it's crazy that cut throat capitalist billionaires and millionaires who would do anything for a dime hate women so much they'd give up $700 Billion just to box women out
or maybe it's the feminists that are crazy... nah, that couldn't be it.
or maybe it's the feminists that are crazy... nah, that couldn't be it.
0
Posted on 11/18/19 at 10:32 pm to GreatLakesTiger24
Women are arguably the single largest under-served group
This should not happen.
This should not happen.
This post was edited on 11/18/19 at 10:34 pm
Posted on 11/18/19 at 10:36 pm to Get Real Bro
quote:Jody is doing work Son, don’t get it twisted.
Women are arguably the single largest under-served group
Posted on 11/18/19 at 10:39 pm to GreatLakesTiger24
quote:
according to management consultancy Oliver Wyman.
700 billion? Ain't no one dumb enough to buy into that.
Posted on 11/18/19 at 10:40 pm to GreatLakesTiger24
quote:
I'm not an expert but 700 billion a year seems a bit high
They’re forgetting to deduct all the money they spend on ill fitting pads.
Posted on 11/18/19 at 10:56 pm to GreatLakesTiger24
What makes a financial product geared toward women? What do women want/need their financial products to do other than make them more money? Should they smell nice? Come with a Target gift card?
Posted on 11/18/19 at 11:20 pm to mtntiger
I max out my 401K at work and let the pros at Fidelity handle it.
I know that I do not have the acumen to handle that type of thing. I guarantee you some would say I fall into that underserved category.
And if we’re all supposed to be equal, why the hell do women need financial products tailored to them. I just want my investments to make money. I do not care if they are tailored to innies or outies. I look at my 401K just to see the +\- number in the growth column.
I know that I do not have the acumen to handle that type of thing. I guarantee you some would say I fall into that underserved category.
And if we’re all supposed to be equal, why the hell do women need financial products tailored to them. I just want my investments to make money. I do not care if they are tailored to innies or outies. I look at my 401K just to see the +\- number in the growth column.
Posted on 11/19/19 at 5:14 am to GreatLakesTiger24
quote:
I'm not an expert but 700 billion a year seems a bit high
A wise man once said “women control 90% of the money and 100% of the pussy” so I believe this number is low.
Posted on 11/19/19 at 5:16 am to GreatLakesTiger24
quote:
The male-dominated finance industry is missing out on more than $700 billion a year in revenue by failing to listen to or tailor products for women, according to management consultancy Oliver Wyman.
Picture of Oliver Wyman
That number is comical.
Posted on 11/19/19 at 5:18 am to GreatLakesTiger24
If I didn't ignore women, I'd be in a very early grave, so I'm willing to risk the BILLIONS.
Posted on 11/19/19 at 5:51 am to mtntiger
quote:
What makes a financial product geared toward women? What do women want/need their financial products to do other than make them more money? Should they smell nice? Come with a Target gift card?
I think you print the forms on pink paper and put headers on the top like “Live. Laugh. Love.” Or “Yass Queen!”.
$700 billion is a ridiculous number.
Posted on 11/19/19 at 7:47 am to GreatLakesTiger24
Have you ever tried to explain to a woman how to manage money?
If you have, you’ll know why this financial services sector doesn’t exist
If you have, you’ll know why this financial services sector doesn’t exist
Posted on 11/19/19 at 7:52 am to GreatLakesTiger24
This is subliminally saying women spend too much money.
Also, how do you “tailor” financial services to women? Either they want to save money or they don’t.
Also, how do you “tailor” financial services to women? Either they want to save money or they don’t.
This post was edited on 11/19/19 at 7:53 am
Posted on 11/19/19 at 7:55 am to GreatLakesTiger24
I didn't realize 401k plans and mutual funds were available only to men.
Posted on 11/19/19 at 7:58 am to GreatLakesTiger24
quote:
Firms are leaving money on the table by not listening to and understanding their women customers.”
As if women know what they want
Posted on 11/19/19 at 8:04 am to GreatLakesTiger24
Women spend more money than men on shite they don't need.
Posted on 11/19/19 at 8:11 am to Bruco
Based on what has been said in the thread, the idea seems to be that men spend X amount per year in financial products and account for 90% of those sales.
Bringing them to 50-50 would mean new sales of Y amount to women.
Problem with a lot of this, IMHO, is that I think a lot of financial products are sold to family units and men are just the lead individual on those transactions.
My wife and I have a financial portfolio but she doesn’t know or care a whit about what’s in it, just what the dollar amount is at the end of the day.
In short, I think there are some logical fallacies at play because there may be a way to increase sales of financial products to women but $700m a year is a pie in the sky number. A lot of women are already being serviced by these products but aren’t the owner of record on them.
Bringing them to 50-50 would mean new sales of Y amount to women.
Problem with a lot of this, IMHO, is that I think a lot of financial products are sold to family units and men are just the lead individual on those transactions.
My wife and I have a financial portfolio but she doesn’t know or care a whit about what’s in it, just what the dollar amount is at the end of the day.
In short, I think there are some logical fallacies at play because there may be a way to increase sales of financial products to women but $700m a year is a pie in the sky number. A lot of women are already being serviced by these products but aren’t the owner of record on them.
Posted on 11/19/19 at 8:57 am to bad93ex
quote:
The problems are compounded by lack of women in senior management in the finance industry. Just 20% of finance executives globally are women, up from 16% in 2016, the report said.
It may be just me, but if 1 in 5 women from the finance industry are in senior management positions, I feel that’s a pretty good representation.
Posted on 11/19/19 at 9:04 am to GreatLakesTiger24
I know when we watch Shark Tank there are items I see little value in and my GF is all over it thinking it will succeed. She knows a different market than I do. So makes sense if it's actually being ignored...but I don't think it is.
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