Investors Like Me: Sallie Krawcheck

Loading paragraph...

Sallie's Investing Style

Loading content_cards...

When did you get started in investing and why?

Loading sub_heading...

Loading paragraph...

Loading pitch...

Can you tell us a little bit about your relationship with money at an early age?

Loading sub_heading...

I grew up in Charleston, South Carolina, where my parents' hope for me was to be an administrative assistant. Money was the only thing my parents fought about. Again, this represented a power imbalance, with one parent earning all the money and the other having to budget it all. I never wanted to be in that position.

Loading paragraph...

What has your journey been like as an investor, and what are some of the challenges you’ve had to overcome?

Loading sub_heading...

Learning that I didn’t have to be taking action all the time on my investments. Not freaking out when the markets were tough. Not watching each individual stock I owned like a hawk.

Loading paragraph...

Working in a predominantly male field, I dealt with sexual harassment. Back then, I didn’t think I had any options but to come into work every day and just take it. Today, there are many more options than silence, and people should make sure that they are speaking up, whether it be to a friend or family for advice, or a mentor who can help navigate those situations.
Sallie Krawcheck

Loading quote...

With so many younger investors dipping their toes in investing, what’s the best advice you have for someone who may be looking to start investing or who may be newer to the industry?

Loading sub_heading...

Just start. You can learn as you go because time is on your side. Start the practice of investing a portion of each paycheck into the market as early as you can, and pay attention to where that money is going and the impact that it's having.

Loading paragraph...

You juggle so many tasks and wear so many hats. How do you manage the balance between your work life and your personal life and still manage to meet your investment goals?

Loading sub_heading...

Loading paragraph...

If you could go back in time and change one thing about your investing strategy, what would you change and why?

Loading sub_heading...

I would take on more risk historically. My first real experience with the stock market was the crash of 1987, so for many years I anchored in that and thought investing in the stock market was riskier than it has actually been. In fact, the stock market has historically gone up by about 9.8% annually since the 1920s.

Loading paragraph...

What really excites you about the future of investing?

Loading sub_heading...

1. Women are getting more serious about practicing financial wellness. Forty-five percent of women say the events of the past few years have prompted them to either make or consider making new financial goals.

2. Impact investing is growing in popularity. More than 50% of people using Ellevest’s digital investing platform are invested in Ellevest’s Impact Portfolios.

Loading paragraph...

What scares you about the future of investing?

Loading sub_heading...

Loading paragraph...

Who are some leaders in the investing industry you admire and why?

Loading sub_heading...

Mohamed El-Erian, and not just because he’s an investor in Ellevest. I have always found him to be so thoughtful in how he frames and approaches problems and opportunities and so logical and unemotional in working through them.

Loading paragraph...

What are some of your favorite educational resources (books, podcasts, websites, etc.) that you’d recommend for investors of all ages?

Loading sub_heading...

I truly love Ellevest’s Magazine, an online resource center, with articles and videos created specifically to answer your questions about investing, managing your money, gaining confidence in your career, and disrupting money for women everywhere. You don’t have to be a client or top investor to sign up and access the magazine.

Loading paragraph...

Loading pitch...

How do you feel about cryptocurrency as an investment?

Loading sub_heading...

Loading paragraph...

You might also like:

Loading sub_heading...

Investors Like Me

See all interviews in this ongoing series that highlights the stories of successful investors of all different ages, genders, gender identities, races, ethnicities, sexual orientations, abilities, investing styles and more.

Investors Like Me: Kathryn Finney

Read our interview with Kathryn Finney, founder and CEO of Genius Guild and general partner at the Greenhouse Fund.

Investors Like Me: Yohei Nakajima

Read our interview with Yohei Nakajima, general partner at Untapped Capital.

Investors Like Me: Damien Peters

Read our interview with Damien Peters, founder of Wealth Noir and entrepreneur in residence at Citi Ventures.

Loading hub_pages...

What’s one quote or saying that inspires or challenges you?

Loading sub_heading...

“Nothing bad happens when women have more money.”

Loading paragraph...

Loading pitch...

About the Author

Catherine grew up in Southern California wearing a lot of black and trying to perfect the art of sarcasm. Prior to joining The Fool as a contract writer, Catherine was climbing the corporate ladder in marketing roles and dabbling in too many side hustles. When she's not writing, she can be found riding a horse in the country or shopping online for clothes.

XMFCatherineJB

@catherinejbrock

The Motley Fool has a disclosure policy.