Sun 29 Jul 2007
Let your Wives Manage your Investments…
Posted by Robin Bal under Extra Earnings , Financial Planning , Investing , MoneyMatters , Stock Markets[9] Comments
Approximately eighty percent of our investors are male. But I am willing to bet that eighty percent of the most successful investors are women.I have read many stories and I began to wonder why is it that women tend to be better investors than men. I thought about it over and over, and I could not ignore the facts that women make more successful investors than men.
While this recent research shows that potentially women are naturally talented investors, many are still put off by the macho image of the stock market. Men tend to let their egos make their decisions for them. They hold when they should sell and vice versa. They buy in for fear of missing out on that one big opportunity. They refuse to ask questions or to ask for help in fear of looking silly.
In other words, men are more interested in looking strong, knowledgeable or successful than they are in making money. They invest not to get the best deal out of the market but invest so that they look good.
Women on the other hand, are much more likely to ask questions until they fully understand what they are learning, and they are usually more interested in the goal, (in this case making money) than they are in impressing the people around them.
This quality makes women great investors from all that I have read are that rather than investing according to what will make them look good, women will invest according to a plan—not according to what mood they are in or whether they will be “right” or “wrong”.
Investing is not about being right or wrong. It’s about making money. Women are able to put their egos aside in ways men have trouble doing. This ability to set their ego aside makes women great investors. Need proof?
Read
Ask yourself this: if a man and a woman are lost on a trip, which is more likely to stop and ask for directions? Being involved with Financial Services since a long time I have noticed women are more likely to ask investment questions until they completely understand the concepts. Men, on the other hand, can be too afraid to ask the necessary questions because he may look bad doing so.
Women tend to come to investing with a mind to learn. And when they learn, they execute solid plans. Men can be heard saying they “know that a company is good”, whereas women can usually tell you why the company is good.
“Are women better investors? As the expression goes ‘Men are from Mars and Women from Venus’… in the case of investing in shares it looks like Venus just might be a more sensible place to follow and put your money!”
July 29th, 2007 at 4:19 pm
Hi Robin,
How have you been?
On your topic of women being investors, I came across a few, and also read about some who are excellent.
However by far, I still think man makes better investor – because woman tend to be more emotional. And when one is emotional when it comes to investment – that’s it!
Maybe this is an impression that forms in my head as most of my investor friends and famous investment personalities are all males
Anyway if you have the time, do check out my new stock blog – StocksForGrads, a focused blog on investment targeted at graduates.
I had just had my first post up!
Cheers mate,
Jag
July 30th, 2007 at 12:14 pm
Hey Jag,
I am doing good buddy, congratulations on your new blog, I will surely be checking it out.
Now coming to your comment, all I can say is I agree that both of us disagree 🙂
I am heading for stocksforgrads.com now.
Take care and cheers.
August 1st, 2007 at 3:02 pm
Very true. Good article!
August 1st, 2007 at 3:04 pm
Digg it guys! 😉
http://digg.com/business_finance/Let_your_Wives_Manage_your_Investments
August 1st, 2007 at 11:12 pm
Hi Ivan,
Thanks a lot mate, especially for recommending the digg.
Take care and cheers.
August 6th, 2007 at 1:05 pm
I like this post enough to stumble it 😀
After all, not many guys think that women know how to invest.
PS: Seen my tag?
August 6th, 2007 at 2:44 pm
Hi Viv,
I am glad you liked this post. Its not just what I think, its reality. I have many lady clients and their accounts are doing great.
P/S. About the tag I have sent you an email through stumble.
September 14th, 2007 at 9:24 am
My new hubby is letting me manage our finances. At least from what I have seen, women are more patient investors. Just looking at my mom and dad I’d say at least one woman is a better investor than a man. My dad is much more likely to sell a winner that made only a little bit of money. My mom reads books and learns about technically analysis and then makes her decisions. She certainly did very well for herself. Lately my dad has been just following my mom and my buys, but he often buys in way too late. For example, I bought ACH back in February for 23.90, and kept it, and then my dad bought it when it was 35 and sold it when it was 45. He just has no patience!
September 14th, 2007 at 10:25 am
Hi baglady,
Thanks for your comment and welcome to FW.
This is something most men find hard to accept, but by experience I have noticed that women do make better investors than men. 😉 You are right men tend to be a little impatient.
Take care and cheers