Women are hard-wired with the traits that make excellent investors. It’s a shame most of us express a lack of confidence in money matters.
Here’s what women and their daughters need to remember:
Don’t pass on your financial decisions
UBS, in a recent study, measured the percentage of women “deferring” investment and financial decisions to their husbands. Deferring is rampant among women of all ages but especially among younger ones. Fifty-nine percent of women ages 20 to 34 leave financial matters to their spouses. This is higher than the 55% of women at least 51 years old who defer to their husbands. The trends are worsening, rather than improving.
Women have good investing instincts
The research demonstrates that women make better investors than men. We do more research, trade less and process multiple data points effectively between our left and right brain hemispheres. Important traits for investing. Why then do we excuse ourselves from the conversation?
www.usatoday.com
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