Women make better investors
Natalee Roan
July 10th, 2009LouAnn DiCosmo of the Motley Fool has written this provocative article which indicates that overall, women have a better investment style then men, earning 1.4% more than men according to a recent study. DiCosmo says that Buffett approaches investing differently from most men in that he's patient and does thorough research, waits for the right price, and holds his stocks for the long-haul. Her article contrasts Buffett's investment style with findings on how women invest, showcasing the similar characteristics:
- Women spend more time researching their investment choices than men do. This prevents them from chasing "hot" tips and trading on whims -- behavior that tends to weaken men's portfolios.
- Men trade 45% more often than women do, and although men are more confident investors, they tend to be overconfident. By trading more often -- and without enough research -- men reduce their net returns. But by trading less often, women get better returns and also save on transaction costs and capital gains taxes.
- A study by the University of California at Davis found that women's portfolios gained 1.4% more than men's portfolios did. What's more, single women did even better than single men, with 2.3% greater gains.
- Women tend to look at more than just numbers when deciding whether to invest in a company. They invest in companies they feel good about ethically and personally. And companies with good products, good services, and ethics tend to have better long-term prospects -- and face fewer lawsuits.
Nice to know that the frenzied approach shouting at us from CNBC and so many websites and blogs doesn’t work as well as the steady investing using the KISS approach (Keep It Simple Stupid). And through the market highs and lows, keep Buffett’s sage advice in mind: “Be greedy when others are fearful and fearful when others are greedy.”
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It’s not easy being a woman.
It’s not easy being a woman. We only earn $.78 for every dollar dudes earn, we have to put up with things like periods and high heels, and—maybe worst of all—we’re constantly being bombarded with advice from lady mags, lady sites, and lady-oriented talk shows that purport to know what we should be doing to get thinner, sexier, and happier. Too often their tips are questionable at best and downright moronic at worst.So starting this week, I’m going to be taking alook at the advice that falls into the “moronic” end of that spectrum. If I can convince even one girl to reconsider whatever’s being professed in her glossy of choice, I’ll sleep a little better at night.Let’s begin by talking about sex, baby. Everyone who’s seen a drugstore magazine rack knows that the cover of any women’s magazine isn’t complete without some headline like “BETTER BONING: 113 Sex Tips to Rock His World.”I don’t know what you guys think, but I’m pretty sure those articles always end up containing variations on the same 15 generic sex tips (“Be confident and tell him what you want.” “Send him naughty texts during the day.” Lather, rinse, repeat). But sometimes, instead of being boring and predictable, the pointers end up being flat-out crazypants.While browsing through Cosmo’s “9 Erotic Tips to Rock Your World—and His,” for example, I came across this tip from one Cricket Richmond, who apparently wrote a book called Secrets of Sizzling Sex in 1994 (although it’s nowhere to be found on Amazon):“Freeze some grapes in a Ziploc bag. Once they’re ice-cold, put them in your mouth. Then begin oral sex. The temperature and sensation produced by the grapes while you’re giving him oral sex is incredible.”… seriously? This reminds me of the time Cosmo told us that guys are really into girls putting donuts around their disco sticks and then eating them off. Can you imagine how awkward it would be to pause your hook-up to run to your freezer and grab a baggie of cold fruit—let alone how weird your partner-in-crime would think you were for trying to give him head while you had chipmunk cheeks? And doesn’t it seem inevitable that one or more of the grapes would fall out while you were trying to rock his world, creating a slobbery mess/the potential for wine stains on your sheets? I can think of no way that attempting a grape-job wouldn’t end in serious embarrassment for all parties involved.Later in the article, Cricket also advises girls to use “a new, soft, manual toothbrush” as a sex toy and tells us to try wearing a long strand of pearls in the bedroom, running it along a man’s body and finally wrapping it “around his penis and sort of roll[ing] the individual pearls around and press[ing] them on his skin.” What’s with the props, Cricket? When did good, old-fashioned foreplay become boring? And even more, I’m not so sure my grandmother had penis-wrapping in mind when she shelled out for that string o’ pearls.
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Women are more creative with their investments...
When men make an investment, they tend to go it alone, or at most involve a broker or financial advisor. Women, on the other hand, tend to be more social in nature, which makes investment clubs an ideal situation for women investors.
When it comes to choosing investments, women tend to be more commercially savvy than men. They pay more attention to what their friends are buying and what's popular.
Women are also more creative when it comes to finding money to invest. There are now several online investment companies that will allow for the investment of small amounts of money instead of requiring a large initial deposit. In addition to setting aside small amounts of “found” money, set up a direct debit from your paycheck every time it is deposited in your checking account. Even if you can only afford $25 each paycheck, this adds up to $650 a year if you are paid bi-weekly.
Gender Impact on Investing Styles
In other studies, basically men are found to tend to focus on a single task while women have the tendency and ability of multitasking. The same attitude is adopted by men and women when investing. It is the large and bold investments that have more of a risk that men like investing in. On the contrary, women like to diversify their holdings so that they tend to assume lower risk in their investments.
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