By Craig Erwin, Ph.D. 12-10-20
Women and men differ in their approach to investing. A Regions Women And Wealth Study found that, although women and men say they have the same priorities (e.g., financial performance, diversification, company or stock reputation, social/political impacts), they try to achieve them in different ways. Women report having little confidence about their financial acumen; many defer financial decisions to their spouse and most seek out professional help. Women tend to invest more conservatively than men. Women are willing to accept lower returns if the company shares their social values. Finally, if given a choice, women are more likely to invest than spend money.
These are just a few of the differences that you are likely to find between the genders. Of course, there are many exceptions. Clearly, women do not all act in the same way.
Women tend to have some characteristics that