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Women & Investing: Why Does Investing Matter?Video

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Video ADA Text: Women & Investing: Why Does Investing Matter? video

Transcript Browser Title: Video transcript: Women & Investing: Why Does Investing Matter? video

Description: We at J.P. Morgan Wealth Management conducted the 2020 Women and Investing Survey late last year. Some of the results were groundbreaking, find out more in the video.

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Length (seconds): 188

Transcript: <h2>Note:</h2> <p>Legal disclosures appear.</p> <h2>On Screen:</h2> <p>Investment and Insurance Products:</p> <ul> <li>Not a Deposit</li> <li>Not FDIC Insured</li> <li>No Bank Guarantee</li> <li>May Lose Value</li> <li>Not Insured by Any Federal Government Agency.</li> </ul> <h2>On Screen:</h2> <p>J.P. Morgan Wealth Management logo.</p> <h2>On Screen:</h2> <p>A woman with straight black hair and brown eyes, Kira Forbes, speaks remotely from her living room.</p> <h2>On Screen:</h2> <p>Kira Forbes, Vice President, J.P. Morgan Wealth Management.</p> <h2>Kira:</h2> <p>Many factors influence how we think about money. From our employment status to our education levels. Even our gender and our race. And at J.P. Morgan Wealth Management, we wanted to take a deeper dive into that. So we conducted the 2020 Women and Investing Study, an online survey of 1,375 women investors back in October 2020.</p> <h2>On Screen:</h2> <p>(779 White/Caucasian and 596 Women of Color from U.S. only)</p> <h2>On Screen:</h2> <p>A montage shows a diverse group of female business professionals laughing, collaborating, and using mobile devices.</p> <h2>Kira:</h2> <p>All participants confirmed as having investable assets of 150,000 to 5 million plus. So we took a look at how affluent Black and Latinx women develop their investing savvy. And one thing was clear: the foundation their families created for them left a lasting impact on their ability to grow their wealth.</p> <h2>On Screen:</h2> <p>A montage shows different women eating in upscale cafes, walking with their families, and working on laptop computers.</p> <h2>Kira:</h2> <p>Importantly, according to our survey, affluent Black and Latinx female investors say their parents oak more openly and more favorably about the importance of investing compared to their white counterparts. Pretty interesting, right? Well, that's just the beginning.</p> <h2>On Screen:</h2> <p>Why does investing matter?</p> <h2>Kira:</h2> <p>Investing is key to building wealth over time. But there is a segment of the population that has not been participating in investing. Only 55 percent of Black Americans compared to 71 percent of white Americans participate in stock market investments.</p> <h2>On Screen:</h2> <p>Source: Ariel Investments Black Investor Survey - February 2016.</p> <h2>Kira:</h2> <p>So, what is one of the main characteristics of affluent Black and Latinx female investors who are taking advantage of market opportunities to grow their wealth?</p> <h2>On Screen:</h2> <p>Foundational Upbringing: Raising the next generation in a household to understand the importance of investing.</p> <h2>Kira:</h2> <p>61 percent of affluent Black and Latinx women said conversations about the importance of investing were part of their upbringing compared to 55 percent of affluent white women.</p> <h2>On Screen:</h2> <p>Source: J.P. Morgan Wealth Management Women and Investing Study, as of October 2020.</p> <h2>Kira:</h2> <p>This shows that an early introduction to investing is an important factor for future affluence in Black and Latinx households. The parents didn't just talk about investing; they took action for their children. 84 percent of affluent Black and Latinx women surveyed had savings or investing accounts established for them as children compared to 78 percent of affluent white women.</p> <h2>On Screen:</h2> <p>Source: J.P. Morgan Wealth Management Women and Investing Study, as of October 2020.</p> <h2>Kira:</h2> <p>We found that 1 in 4 affluent Black and Latinx women house three or more of these accounts today.</p> <h2>On Screen:</h2> <p>A bar chart appears labeled Types of savings or investment account set up for you as a child. The chart shows:</p> <ul> <li>Savings Account – 71% for both Women of color and White women;</li> <li>CD - 23% for Women of color, 22% for White women;</li> <li>Money Market – 21% for Women of color, 13% for White women;</li> <li>Trust fund – 23% for Women of color, 12% for White women;</li> <li>Brokerage account – 19% for Women of color, 11% for White women;</li> <li>529 plan – 27% for Women of color, 8% for White women;</li> <li>(and) Some other account – 3% for Women of color, 5% for White women.</li> </ul> <h2>Note:</h2> <p>Small print text appears.</p> <h2>On Screen:</h2> <p>Source: J.P. Morgan Wealth Management Women and Investing Study, as of October 2020.</p> <h2>Kira:</h2> <p>Family ties went strong in the Black and Latinx communities and the impact of COVID further underlined the importance of family financial wellbeing.</p> <h2>On Screen:</h2> <p>A montage shows women wearing protective face masks on a rapid transit train and in a large office workspace.</p> <h2>On Screen:</h2> <p>One third of affluent Black and Latinx women made changes to their investments during the pandemic to be able to help family or friends financially, compared to 11% of their white counterparts.</p> <h2>Note:</h2> <p>Small print text appears.</p> <h2>On Screen:</h2> <p>Source: JPMWM Survey, October 2020; affluent women.</p> <h2>Kira:</h2> <p>This insight is a full-circle moment for affluent Black and Latinx women. The exposure to investing at an early age, coupled with the savings and investing accounts that their parents set up for them, would set the foundation to enable those same women to help their family financially years down the road.</p> <h2>On Screen:</h2> <p>A montage shows women both working and enjoying time with their families.</p> <h2>On Screen:</h2> <p>J.P. Morgan Wealth Management logo.</p> <h2>Note:</h2> <p>Legal disclosures appear.</p> <h2>On Screen:</h2> <p>Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved.</p> <p>Past performance is not a guarantee of future results.</p> <p>Nothing in this document shall be construed as giving rise to any duty of care owed to, or advisory relationship with, you or any third party. Nothing in this document shall be regarded as an offer, solicitation, recommendation or advice (whether financial, accounting, legal, tax or other) given by J.P. Morgan and/or its officers or employees, irrespective of whether or not such communication was given at your request. J.P. Morgan and its affiliates and employees do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transactions.</p> <p>The price of equity securities may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. Equity securities are subject to “stock market risk” meaning that stock prices in general may decline over short or extended periods of time.</p> <p>This video and its content have been developed for J.P. Morgan Securities LLC clients and prospects and is for informational and educational purposes only. It is designed to provide general market commentary and information relating to certain services offered by J.P. Morgan Securities LLC, an affiliate of JPMorgan Chase &amp; Co. Opinions expressed herein are those of the author and may differ from those of other J.P. Morgan employees and affiliates. The information in no way constitutes J.P. Morgan research and should not be trusted as such. Further, the views expressed herein may differ from that contained in J.P. Morgan research reports.</p> <p>The information and views expressed are not intended to provide specific advice or recommendations for any individual. You should carefully consider your needs and objectives before making any decisions. For specific guidance on how this information should be applied to your situation, you should consult your advisor.</p> <p>J.P. Morgan Wealth Management is a business of J.P. Morgan Chase and Company, which offers investment products and services  through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment advisor, member of FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provide by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase &amp; Co. Products not available in all states.</p> <p>Copyright {{copyrightCurrentYear}} JPMorgan Chase &amp; Co.</p>

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