Women the Smarter Investors, Claims Study

July 2005
Journal of Financial Planning;Jul2005, Vol. 18 Issue 7, p19
Academic Journal
This article presents the results of a study which found that when it comes to investing, women get it right more often than men. Other findings of the study include 35 percent of women have held on to at least one losing investment too long versus 47 percent of men, 28 percent of women held on to a winner too long, versus 43 percent of men, 32 percent of men were more apt to allocate too much to a single investment, versus 23 percent of women and 24 percent of men have bought investments without doing any research, versus 13 percent of women, and 63 percent of those men repeated that mistake. All this despite the fact that the survey found women less knowledgeable than men about investing and women enjoyed investing less. Perhaps that is because 70 percent of women, versus 50 percent of men, had a primary financial advisor, and 77 percent of women had a formal financial plan, versus only 62 percent of men. Or the difference might have to do with the fact that more men than women conceded that greed, overconfidence and impatience clouded their investment judgments.


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