Do you think women act more conservatively in their retirement investments in general?
Posted by admin on 7 Mar 2008 3:10 am. Filed under Gender & Women's Studies.
atg28 asked:
I think there is a myth that women act more conservatively for their investments, however the literature is written with everyone in mind to invest aggressively when you’re younger, and become more conservative in investments with age. A 22-year old regardless of gender would be foolish to be placing their money in a low-yield, but safe fund.
I think there is a myth that women act more conservatively for their investments, however the literature is written with everyone in mind to invest aggressively when you’re younger, and become more conservative in investments with age. A 22-year old regardless of gender would be foolish to be placing their money in a low-yield, but safe fund.
On March 8th, 2008 at 4:40 am
It is true. I was a financial representative until I retired at age 42 to watch my own investments. Women do tend to be very conservative. Some of being very conservative is because they felt the husband was being to aggressive in their 401K program. Overall, I wish women would be more aggressive in their retirement investments.
On March 10th, 2008 at 6:43 pm
Women on average are more risk aversive than men and for good, evolved reasons.
On March 13th, 2008 at 7:02 pm
Yes, women do tend to be more cautious about investing. They might be more apt to invest in mutual funds instead of stocks, for example, and they might be nervous about diversifying their portfolios. I have an article about things women can do to get more out of their investments. If you would like to see it, contact me.