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Here is how women are taking the lead when it comes to money

Asia businesswoman looking out of office window
Asia businesswoman looking out of office window

Here is how women are taking the lead when it comes to money

Sorry guys but women make better investors

Investing is traditionally thought of as a male-centric activity, but women may actually be better suited to taking the bull by the horns. Here’s why.

Keen on long term relationships and with an eye on a secure future, it’s no wonder that women make better investors than men.

According to the recent Emerging Affluent Study 2018, conducted across 11 countries, it’s women that are leapfrogging up the social ladder, exceeding their parents at every level and successfully “supercharging” their fast track to financial independence. Globally, 55% of this “supercharged” group are women, outstripping their male counterparts.

So, it’s no surprise that research by the Harvard Business Review has revealed that women investors in Asia are increasingly generating their own wealth and are more assured of their financial literacy than their spouses.

Here’s why women may actually be better at investing than men.

They Trade Less – But Trade Smarter

In general, women are less likely to engage in short term trades compared to men. A study by the University of California, Berkeley, published in the Quarterly Journal of Economics found that men make 45% more trades than women.

The more you trade, the more likely you are to eat into your returns paying trading fees. On the flip side, sticking to a fixed portfolio of stable, low-yielding assets, helps to increase the stability of investment habits, and keeps you from making impulsive investment decisions.

They Buy and Hold Their Nerve

Women have long-term goals, which guide their investing habits. They are known as “buy and hold” investors, who are saving up for milestones such as their child’s university education and their own retirement.

Based on a national survey conducted by financial services firm LPL Financial, women investors tend to research potential investments in depth before deciding on their asset allocations to ensure they can benefit from better portfolio returns.

A study co-authored by researchers at the University of New South Wales and University of Sydney Business School also revealed that women investors are more likely to follow stable trading patterns, buying underpriced stocks and selling overpriced stocks over both short- and long-term periods, making the most of the opportunities offered by fluctuating markets.

They Use Empathy

The same study by the University of California, Berkeley, highlights how neuro-economists have found women to be more empathetic and tuned in to cues. This, they say, may enable them to enjoy greater trading intuition.

They Are Not Afraid To Ask For Help

Women’s investment success may be in part to their willingness to ask for expert help. Research by financial services company Fidelity revealed that close to 10% more women used professionally managed accounts compared to men. Among male investors, 64% preferred to manage their own investments4.

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Disclaimer :

This article is for general information only and it does not constitute an offer, recommendation or solicitation to enter into any transaction. This article has not been prepared for any particular person or class of persons and it has been prepared without regard to the specific investment or insurance objectives, financial situation or particular needs of any person. You should seek advice from a licensed or an exempt financial adviser on the suitability of a product for you, taking into account these factors before making a commitment to purchase any product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether the product is suitable for you. You are fully responsible for your investment decision, including whether the Online Trading service is suitable for you. The products/services involved are not principal-protected and you may lose all or part of your original investment amount.