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Today, I don\u2019t want to talk about the gender wage gap. I don\u2019t want to talk about how fewer women are saving for retirement compared to men<\/a>. I want to talk about why\u2026<\/p>\n Woohoo! Grab your thongs and your lipstick, ladies, we\u2019re heading down to Wall Street to reclaim what\u2019s ours! Cue Shania Twain<\/strong><\/p>\n Let\u2019s go, girls.<\/p>\n Realistically, I know there\u2019s data that supports this claim<\/a>, but you can really make data say anything you want it to.<\/p>\n And when you read the articles about why<\/em> women are better investors, it usually comes down to two things:<\/p>\n They trade less.<\/p>\n<\/li>\n They\u2019re less confident.<\/p>\n<\/li>\n<\/ul>\n Good news, Cheryl, your self-esteem problems might help make you RICH!<\/p>\n You know that clich\u00e9 (but probably valid) corporate saying that women won\u2019t apply for a job unless they\u2019re overqualified but men will apply for the same job despite being objectively underqualified? It works a little bit like that.<\/p>\n Our male counterparts have been ingesting the societal equivalent of pop-psychology hit \u201cYOU ARE A BADASS\u201d for their entire lives, and they have a little bit of overconfidence to show for it.<\/p>\n Hubris is an investor\u2019s arch nemesis.<\/p>\n So if you\u2019re a woman reading this and you\u2019re like, \u201cI don\u2019t really know what I\u2019m doing! I\u2019m not confident in my ability to make money in the market.\u201d<\/p>\n Congratulations, you have the right attitude to be an index investor.<\/p>\n But that\u2019s only if you can get over the hump of worrying<\/em> that you don\u2019t know what you\u2019re doing or that you\u2019re not good enough. <\/p>\n Some are men, some are women. Some work in finance, some do not. <\/p>\n A lot of women express fear of starting. Very few men do.<\/p>\n Ladies, muster the confidence of a college freshman boy going to his first fraternity party in a new Vineyard Vines button-down and a handle of Kentucky Gentleman in the backseat of the F-150 (anyone else go to Alabama? Just me?) then open and fund your account \u2013 then immediately resume your cautious, risk-observant, \u201cI\u2019m no expert\u201d attitude<\/em>. <\/p>\n Obviously, the generalizations I\u2019m making are intended to be humorous in nature \u2013 I talk to plenty of men who don\u2019t act like brazen, day-trading 19-year-olds. Men who are thoughtful, conscientious, and interested in learning more.<\/p>\n I also talk to overconfident women (and am, myself, sometimes an overconfident woman) who think they\u2019re capable of beating the market over time because they went to Harvard or work for Goldman Sachs. <\/p>\n That pendulum certainly swings both ways, and gender isn\u2019t always a determining factor of your attitude toward risk.<\/p>\n Embrace your own humility. It\u2019s something I\u2019m reminded of every single day, sometimes at hilariously well-timed intervals. The day after I posted a flow chart that made me feel like Gandhi with a highlighter, I stumbled upon an Instagram account that reminded me I know basically nothing. soft smiles<\/strong><\/p>\n That interplay between humility and confidence is a perfect representation of life in general, not just investing \u2013 but knowing when to deploy each trait can serve you well. Be confident enough to get some skin in the game, and humble enough to know that investing is hard, ever-changing, and a greed trap that will chew you up and spit you out if you enter thinking you can master the chessboard better than everyone else. <\/p>\n Paid non-client of Betterment. Views may not be representative, see more reviews at the <\/em>App Store <\/em><\/span><\/a>and <\/em>Google Play Store<\/em><\/span><\/a>. <\/em>Learn more<\/em><\/span><\/a> about this relationship. Any links provided to other websites are offered as a matter of convenience and are not intended to imply that Betterment or its authors endorse. sponsor promote and\/or are affiliated with the owners of or participants in those sites, unless stated otherwise.<\/em><\/p>\n Betterment encompasses the ethos of \u201copen an account, tell them about what you\u2019re saving for, put money in, and they\u2019ll handle the rest.\u201d<\/p>\n It\u2019s how I recommend people start investing, especially those of us who recognize they\u2019re probably underqualified to pick their own funds.<\/p>\n With Betterment, you merely choose an investing goal, answer a few questions, deposit cash, and allow the algorithm to work its magic. Based on your goals\u2019 details, Betterment can invest your money in a variety of low-cost, diversified ETFs\u2014great for getting skin in the game then doing nothing. <\/p>\n<\/div>\n Disclaimer:<\/strong><\/p>\n Investing involves risk of loss and performance not guaranteed. Just my opinions, not advice. #sponsored <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Today, I don\u2019t want to talk about the gender wage gap. I don\u2019t want to talk about how fewer women are saving for retirement compared to men. I want to talk about why\u2026 Women are better investors than men. Woohoo! Grab your thongs and your lipstick, ladies, we\u2019re heading down to Wall Street to reclaim […]<\/p>\n","protected":false},"author":178814,"featured_media":2408,"comment_status":"closed","ping_status":"open","sticky":false,"template":"si-template-single-post-taxable-investing.php","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[44],"class_list":["post-12","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing-and-taxes","tag-taxable-investing"],"yoast_head":"\nWomen are better investors than men. <\/h2>\n
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Here\u2019s the crazy thing: The very trait that can help make women successful once they start investing is the thing that keeps them out of the game in the first place<\/h2>\n
That\u2019s because, most of the time, doing nothing in investing is the exact right thing to do <\/h2>\n
People who are interested in investing<\/h2>\n
Painting with a broad brush<\/h2>\n
But if we look at the data in its totality; if we look at \u201cwomen as a whole\u201d and \u201cmen as a whole,\u201d we can see that women tend to get better results for the exact reasons they usually wait too long to enter the market<\/a><\/h4>\n
Get started investing today<\/h2>\n
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