Market Overview

The Difference In How Men And Women Invest

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The Difference In How Men And Women Invest
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To say that men and women take a different approach to money management would be an understatement. Within the broad realm of financing, investing strategy is just one category that represents this trend. Scottrade recently released a survey highlighting the gender differences in investing.

Investment Success And Confidence

  • In the past 12 months, 92 percent of men indicated that their portfolios have increased or stayed the same. Conversely, 86 percent of women said the same.
  • According to survey results, men were more confident about their investments. 74 percent said they were very or somewhat confident compared to 59 percent of women feeling the same way.
  • Not surprisingly, men are more likely to think they are beating the market. 44 percent say they are much or somewhat better than the markets performance. Just 24 percent of women felt the same way.
  • Investment Strategy And Activity

    • Men are much more likely to take an active role as an investor, while women are more likely to stay the course.
    • Over the past 12 months, men averaged 22 trades compared to just 12 trades per year for the fairer sex.
    • 41 percent of men change their investment strategy at least every six months; 27 percent of women could say the same.
    • 38 percent of women have not deferred from their investment strategy at all, while just 19 percent of men have adopted the same strategy.

    Advisor Relationship

    • The old adage that men are less likely to ask for help rings true in Scottrade’s recent survey. While men and women use financial advisors at nearly the same rate, 65/66 percent, women allow their advisors to manage a greater portion of their portfolios and are more likely to seek assistance when making investment choices.

    scottrade_financial_behavior_study_2016.jpg

    The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

    Posted-In: financial advisor gender InvestingEducation Psychology Personal Finance Trading Ideas General Best of Benzinga

     

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