Are Women Better Investors Than Men?

Whenever I give financial seminars, married women often say, “My husband looks after our money.”

That doesn’t surprise me. After all, men score higher on financial literacy scores.

That’s according to findings from the 2018 TIAA Institute-GFLEC Personal Finance Index report.

Women also say they are less confident about investing. A 2018 study by Merrill Lynch and Age Wave reports that just 52 percent of women are confident investors.

In contrast, 68 percent of men felt confident about their investment abilities. A 2016 Wells Fargo survey found much the same thing.

But an increasing number of studies say women are better investors.

Image by Pixabay

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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