“When it comes to investing, the biggest mistake women make has nothing to do with where they’re choosing to invest their money.
Rather, the issue is they’re not investing enough in the first place.”
Krawcheck, an investing trailblazer who once ran Merrill Lynch, says that for women, not putting their money to work can be “a bigger drain on their net worth than the gender pay gap.”
“We tend to leave more than 70% of our wealth in cash as opposed to investing it. For the typical professional woman, that can cost her hundreds of thousands — for some women, millions — of dollars over the course of their lives.”