What The Elle - 🤔 Your Q’s about the markets, A'd

Plus, updates on interest rates, the Ellevest Women’s Financial Health Index, and *checks notes* mermaids? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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SALLIE'S OPINION

In times like this, you’ve got questions. We’ve got answers.

Ellevest’s Chief Investment Officer, Dr. Sylvia Kwan, and I have each been in the investing industry or on Wall Street for 30+ years: She as a portfolio manager and Chief Investment Officer; and I as a banking-industry research analyst, Chief Financial Officer of Citi, and head of Merrill Lynch. So we’ve seen our fair share of ups and downs and bank runs.

In lieu of a typical column this week, we thought we’d answer some key questions you’ve been asking us over the past few weeks, everything from how banks invest customers’ money to what this means for inflation and equities. Read it at the link below.

 
Read the rest
 
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CEO AND CO-FOUNDER
Text that reads, 'Ellevest Womens Financial Index Fund, Feb 2023' Illustrated line chart.

FINANCIAL WELLNESS

How’s women’s financial health doing these days?

Some good news as we exit Women’s History Month. The Ellevest Women’s Financial Health Index is the first and only holistic measure of women’s financial health in the United States — and now it’s been updated to reflect data from December, January, and February. Learn how women are doing.

Read more >

An icon of a line chart against a sage-green background. Illustration.

The Fed raised interest rates again — here’s why

Last week, the Federal Reserve raised the target federal funds rate by 0.25% — its ninth (!) hike over the past year. But what does that mean, especially in the wake of Silicon Valley Bank? We explain.

Read more >

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Sallie’s three key pieces of career advice

A career is more than a salary and some KPIs. You won’t hear these three pearls from our CEO anywhere else — especially not the third one.

Read more >

 

🪄Money term of the week: Basis points

A basis point (or “bp”) simply means one-hundredth of one percentage point, aka 0.01%. Twenty-five basis points? 0.25%. Fifty basis points = 0.5%.


So why call them “basis points” at all? Two reasons: A) When you’re working with very small numbers all the time — as the finance industry does when talking about interest rates, yields, and fees — it’s just simpler to drop the decimals and percent signs. And B) Wall Street loooooves its jargon. (Bonus jargon: It gets shortened to “bips” all the time, as in, “The Fed raised interest rates by 25 bips last week. Could’ve been worse.”)

 

Psst! Where are you at with your taxes?

Over on the ol’ IG last week, we polled the Ellevest community about whether you’ve done your taxes yet. (The deadline this year is April 18 — or October 16, if you’re in certain areas of California.) Turns out a ton of you are early birds:

Yes, gotta get it out of the way 👋  57%
 
Started but haven’t filed yet 🗃 23%
Nope, I live for the rush 🤠  20%

PS: We put together this list of ways to pay your tax refund forward to yourself.

 
 

Links to lend a friend

  • A new report suggests that while more American women are single than ever before — it’s costing us money. Also, tucked away in this same report: Single women are an increasingly important segment of the workforce and that may position us better to build wealth and gain spending power in the future. Oh, oh, oh, oh, oh, oh, oh. 🎶
  • A heartening one from last week: Senior citizens across the country protested the four big banks and their involvement with fossil fuels.
  • Remote tech employees who moved to smaller cities and towns (this article calls them “Zoom towns”) during the pandemic are now facing a completely new reality.
  • Gender roles in South Korea have lagged seriously in the past few decades — leading more and more Korean women to realize they can opt out of men entirely.
  • CEO Sallie Krawcheck was named to Barron's 100 Most Influential Women in US Finance as she *checks notes* continues to shape the financial industry's future. 🎤

The best time to invest? Yesterday.

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This week’s newsletter was brought to you while working on our underwater ballet. Forward it to your friends who want to play mermaids.

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DISCLOSURES
 
© 2023 Ellevest, Inc. All Rights Reserved.
All opinions and views expressed by Ellevest are current as of the date of this writing, are for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.
Information was obtained from third-party sources, which we believe to be reliable but are not guaranteed for accuracy or completeness.
The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities, and should not be considered specific legal, investment, or tax advice.
The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.
Investing entails risk, including the possible loss of principal, and past performance is not predictive of future results.
Ellevest, Inc. is an SEC-registered investment adviser. Membership fees and additional information can be found at www.ellevest.com.
 
 
 

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🤦🏼‍♀️ A Woke Bank Crash? (Smh.)

Tuesday, March 21, 2023

Plus, $100K jobs, five years of Ellevest Impact Portfolios, and how to protect your data. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

📍SVB: What Happened, and What's Next

Tuesday, March 14, 2023

Plus, Equal Pay Day: what you need to know about the gender pay gap and your rights at work. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

⌛ 10 Years Later, What ‘Lean In’ Left Out

Wednesday, March 8, 2023

Plus, International Women's Day, tax refunds, and high short-term interest rates. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🤷🏻‍♀️ What’s Women’s History Month Really For?

Wednesday, March 1, 2023

Plus, supporting young female entrepreneurs, a pro-tip for tax season, and why no-spend is no fun. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

⛏️ Budget Hack: Sinking Funds

Wednesday, February 22, 2023

Plus, rolling recessions, what makes a savings account “high-yield,” and the case for girlsplaining. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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