On this International Women’s Day we all need and deserve some inspiring, inspiring and rich stories. After all, a lot has happened since March 8, 2020.
My 2021 research paper “Hear Me Rover” published today contains 58 investment success stories of smart women worldwide.
Women don’t brag about making money, but they do in this report, and women and their daughters can learn a lot from them. In honor of today’s celebration, I will share the five most interesting achievements.
Jessica Wu, Associate, HFT Investment Management, Shanghai
“I grew up in Chengdu, Sichuan. My first year in college took a big turn in my life when I won first place in a national performance competition and became an actress. Life was exciting and challenging. I acted in a film and other acting part in my college years when I finished my degree. I was at the fast pace of my career as a young actress. It was a glamorous job and with a good salary, however, I knew deeply that the career did not meet my curiosity and intellectual needs. I wanted to learn more.
“I decided to leave the industry and go to the UK to study for a master’s degree in management at the University of Glasgow. Changing careers from entertainment to finance, I was eager to go through the most difficult and most recognized exams in the industry, which is why I chose the CFA program and have completed the second level so far. I knew that as a candidate from an unconventional background, the most important thing was my desire and desire to learn constantly, and to work hard to back it up.
“My passion for asset management grew when I saw how China’s economic growth was creating institutional investors – sovereign asset funds, insurance providers, pension funds and endowments – not only growing in size, but looking for more professional management for their assets. The range of products has also evolved, and more money equities, fixed income, equity funds, and options, as well as exchange-traded funds (ETFs)
“My best investment success? In early 2020, I started Pindudu Inc. (PDD.US) – a Chinese e-commerce platform – and so far my return rate has been 264%! -There is a long way to go to improve PinduDuo in this huge and fast growing market.
Bishat Araya, Singer, Stockholm
“I was born in Gothenburg in southern Sweden and lived with my single mother and my brother. We moved to Ethiopia, where my mother lived for one year, when I was seven. When I was 13, I wrote my first song and went to school. After serving it at the graduation ceremony, with great response, I knew for sure that I wanted to be a musician.I have worked in different countries: London in the UK, Germany, Los Angeles in the US and today Stockholm is my home again.
“Usually artists and musicians are quite scattered about their finances, but this coronavirus crisis has taught me the importance of saving. I did a great job and so there was little money to start. I started reading the stock market talking to a friend of mine, and at the end of March, after that big dip, I started investing. I started using an app to get a sense of stock price movements. I did and I learned something about myself … I love to trade!
“This market was a wild journey – I made a lot of money in a short period of time with stocks like Volvo, Power Cell, Orise, Beyond Meat and Bamboo. In just a few weeks I’ve done 30% on Volvo and 50% on Bambuser একটি a Swedish start-up working with live video shopping technology এবং and doubled my EPR properties stocks. My portfolio is over 60%. I understand that this is not a regular market that we are dealing with and I am trying not to be too coveted – the market is a volatile lover.
Ellen Roseman, author of Consumer Advocacy and Personal Finance, Toronto
“I started investing with a female broker in the early 1990s. Then, in the early 200’s, I started an investment club. I am especially grateful to a woman who introduced constellation software to our group in 2011 যা an international provider of market-leading software and services to many industries, both public and private.
“He told us that the Ontario Municipal Employees Retirement System (OMERS) was going to sell their stake in the company and that it would be a good time to buy. I bought a small position at 110 per share, and it has been growing and growing over the years. At least once or twice, I’ve sold half of my position, but it’s been a great success in my portfolio. Today the company is trading at about 200 1,200 as of March 28, 2020, well below about 20% of its historic historical high.
“I usually prefer to own dividend-paying stocks ন the constellations pay only a small dividend. But I’ve made an exception – the CEO seems to have a magic touch to buying good companies. He no longer holds analyst meetings.”
Elizabeth Hallmanlund, CFA, Vice President, Capital Four Management, Copenhagen, Denmark
“I didn’t really know what I wanted to do for a career, but thanks to some scholarships and grants from various foundations in Denmark and generous government education support in the Danish state, I was able to go to London to study economics and management at the London School of Economics. When I started at LSE, I never heard of investment banking, but when I was there I became fascinated with money.
“After graduation I went to London to work for JPMorgan and was there for about six years. This is the first time I have been able to invest and manage my own money. I was always very aware of the need for diversity, and since my employment risk was with JP Morgan, I thought I should limit my personal investment in my company. We got stock options as part of our compensation package and a lot of people will stick with them because they were slowly being funded over time. To diversify my risk, my strategy was always to sell my stock as it was contained on the first day of the trading window. This strategy is not specific to JP Morgan and incidentally, it was a very good stock, but for me it was a pure risk-management strategy and it paid off very well. Another thing that worked for me was the conversion of all my bonus pounds from sterling to US dollars. Since all my earnings were in pounds but my investment was in US dollars, it was a way to pound as small as a hedge and combine the currency of my investment assets with the currency of my daily liabilities.
“Outside of my JP Morgan stock strategies, I have to say that I’m very annoyed when it comes to investing my own money. I don’t want a complicated procedure and I don’t want to pay a management fee if I can avoid it. I think it’s a The result of studying and working in the investment industry for so many years to become a CFA charterholder. I know it’s almost impossible to beat the market and I don’t think I’m smarter than the rest of the market. So why try? I don’t want to do that even in my spare time! I invest exclusively in MSCI World ETF and 2016 – my best year – it got + 30% return.
NG Shin Law, Co-Founder, Griffiths Capital, Singapore
“I was born in Singapore and my younger sister and I grew up in a traditional Asian family. My grandparents’ generation treated the boys and girls completely differently: the boys were ready to run the family business and if there was enough money for just one education, it would be the boy. Fortunately my parents ’generation was more progressive and my sister and I were given important opportunities to learn. We were not formally taught about finance, but my father was a businessman who was very interested in long-term value investing. Instead of giving us gifts or money to reward us for our good grades, he would give us equity stocks. I made my first investment at the age of 13 in Overseas Union Trust (now listed) in a listed company in Singapore. This was done by proxy because my dad kept the share certificate, but I decided when to sell. I’ve been holding it for about a year and a half and sold it very early in the foreground because the price was realized when they privatized.
“For me, investing is not just a return. It’s about the excitement of unveiling a good founder and a potential team. Business and investment bring that extra spark to my life, and I absolutely love it. My best investment of all time was at a China-centric start-up that became a unicorn: Lalamove, a last-mile logistics company operating in more than 80 cities in China. I supported them from the very beginning and today its valuation has exceeded a few billion dollars.
“Lalamov’s founder, Shing Chou, came from a poor family in Hong Kong but had extraordinary perseverance and thinking outside the box. He left Bain after university to become a professional poker player and earned millions in seven years. I loved his soul and how determined he was. “You have to feel excited about the business and the founders. I’m looking for companies that will disrupt and provide better solutions to existing problems.”
So on the occasion of International Women’s Day 2021, here’s a toast for proud women. And for women who are making millions everywhere in 2021 and beyond!
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All posts are the author’s opinion. As such, they should not be construed as investment advice, or the opinions expressed do not necessarily reflect the views of the CFA Institute or the author’s employer.
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