I could not resist this opportunity to stir the pot.
An article in Sundays paper by "the Barefoot Investor" claims that women are better investors then Men?
- Digital Look surveyed 100,000 portfolios in Britan in 2005 and found that female investors returned an average of 17% compared with just 11% for men.
- Men act with more bravado and confidence. This makes them more inclined to trade and consequently generally achieve lower returns.
- Women have a lack of ego and therefore are happy to admit they don't have a clue about investing which gives them the freedom to ask all manner of questions.
- Women tend to be more conservative.
No doubt about it women are certainly more financially independent, are marrying later and therefore are starting to accumulate wealth through property, shares and other investments.
Times are changing.
So what do you all think?
Are the women going to take over in the financial race to wealth creation?
Is this an attractive attribute for a women to have her head around savings and investments?