Men and their egos…
Now there’s proof. Men aren’t better at investing, but they certainly believe that to be the case.
Scottrade recently did a survey (link below) and found that when it comes to investing, men and women are practically the same. Although women rate their investing skills far lower, their recent portfolio performance show otherwise. The majority of women investors (59 percent) consider themselves at a "beginner" skill level, compared to only 35 percent of men. Most men (56 percent) describe themselves as "intermediate." However, the survey shows that recent portfolio performance closed any perceived gender gap. The number of men's vs. women's portfolios that stayed the same or increased in value in the last 12 months is exactly the same – 48 percent.
This post is in part dedicated to Steve, who got into a dispute with his wife after posing the question that’s highlighted in How to Get My Wife to Invest.
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Related Articles at Personal Finance Blog by Money Ning:
- Do Women or Men Spend More Money?
- New Domain!
- Carnival of Personal Finance #103
- Counter Intuitive Way of Lowering Your Spending
- Investing 101
Read more of Women Not Stupid in Investing, Just More Humble…
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