- Women are Better Investors
Luckily, women are statistically better investors, which can help to overcome some of the challenges discussed above. Women tend to be less inclined to jump in and out of the market based on “hot tips” or media headlines. As investors, they are typically better at sticking to their devised financial plans and staying the course through market fluctuations. As a result, a study performed by Fidelity in 2016 of more than 8 million clients found that women generated investment returns that were higher by 40 basis points, or about 0.4%.
Does this surprise you? It surprises many, especially since women tend to be stereotyped as less financially savvy than men. But, the numbers don’t lie. Once women take control of their own finances, they find their probability of success is indeed higher than they expected.