There are many other reasons beyond the typical for why these women speculators engage in these activities. Sure, there are the usual attributions to greed, to boredom, and to the competitive nature of aspiring wealth-builders. And in Japan, doing this sort of thing is even more distasteful as it is considered “wrong” to be making money without working for it. But for these particular women, could it be that culture also played a part in waking up this perfect storm — something to do with women wanting to ensure themselves some form of financial independence even as domestic homemakers? Lots of women want to feel in control of their financial destinies and want to avoid feeling vulnerable even as they dial down their careers to keep an eye on their home, children and families. And I guess they’ve become quite resourceful about addressing these matters in certain countries .
Some reasons for why this type of market play has taken off in some places:
Japan is a culture that highly values job stability. But in recent times, people are no longer guaranteed their jobs for life.
Living with uncertainty can change one’s views on how to make money.
Who knows how financial information and education are assimilated elsewhere? In different countries, market and cultural orientations are different, so what’s common knowl
edge for us here, such as index investing, asset allocation and so forth may not be as readily understood elsewhere.
And speaking of cultures…and subcultures — how about this possible motivating factor for trying your luck out this way?
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