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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{ 7 comments… read them below or add one }
Hilarious! I agree. It all starts as a baby….. boys are tyrants, girls are calm.
Have to disagree with the baby gender deal
My boys were calm. My daughter ruled the roost even tho
she was the youngest!
Glad to see that the percentage was the same – that’s an interesting find, and not
one you’d guess at due to the number of people talking about it all. Of course,
when ya know ya got it right, there’s no need to toot your own horn
My wife has been telling me this for YEARS. Now there’s proof
It will be a fun conversation tonight and thanks for posting this.
That survey specifically tested short-term performance, which may not be long enough a period to establish real differences in investment patterns among men and women. I’d be interested to see how men and women’s investment patterns differ over a much longer span, say ten to twenty years. My intuition is that women will tend to favor less volatility. What that says about their portfolio performance is beyond my guess.
Women are equal to men in their decisions. That is a fact!
John DeFlumeri Jr.
@ Aaron: that would be interesting to see over a longer span of time..
it’s crazy to see that the statistics are almost the same for men and women!
The sad part is that I can actually agree with this… guess it really is my ego speaking a lot of the time