Let your wife do the investing. She's probably better than you:

Let your wife do the investing. She's probably better than you:

Bottom Line: It's not new information but it is the latest instructive research demonstrating these three important points:

  • Women are better savers
  • Women are more successful investors
  • Women are more disciplined with finances

These are generalizations based on the averages from Fidelity's latest research which showed the following:

  • Men: Save 8.6% of earnings with average annual rates of return of 6%
  • Women: Save 9% of earnings with average annual rates of return of 6.4%

That's a win-win for women over men with finances. With regard to the better investment performance of women - this is where discipline enters the picture. Women are more likely to setup a consistent investment plan and stay with it. Men are far more likely to try to trade in and out of stocks and attempt to time the market generally. As I've indicated many times. Even 80% of the time that Wall St. pros attempt to time the market they're wrong. What therefore, are the odds that you'll do substantially better?

So if you're not already outstanding at managing your money and your wife wants more input - you'd be wise to listen to her (for multiple reasons...).

 
Brian Mudd

Brian Mudd

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