Sex and Investing : The Difference Between Male and Female Investment Strategies
Does the sex of someone really play that crucial of a role in the way they invest? A recent study conducted by Merrill Lynch polled over 1,000 U.S. investors (500 men and 500 women) get a better understanding of their investment thought process, including their mistakes, attitudes, beliefs and knowledge levels. Is sex something you should really take into consideration before choosing a financial advisor?
The results of the study might surprise you. It turns out there is a significant difference in each of the categories listed above when it came to how women investors thought about the problem as compared to how male investors thought about the problem.