Many of us have heard of famous investors such as Warren Buffet, Ray Dalio, or Carl Icahn, but what about Geraldine Weiss, Muriel Siebert, or Abby Joseph Cohen? Is there a reason for the gender disparity when it comes to Money and Investing? And how do we make sense of research that says otherwise? In this episode, we speak to Christopher Ng from treeofprosperity to find out more. Research mentioned in this episode: – One study found that women hold 71% of all their assets in cash, whereas men hold 60%. Cash can feel more secure, but it also decreases in value over time due to inflation and has limited growth potential.
Source:https://www.sofi.com/learn/content/male-vs-female-investment-behavior/ –
Several studies have shown that women are better investors than men as a whole. A study from Fidelity Investments, based on data from more than 8 million clients, showed that women performed better than men by 0.4% Another report found that 29% of women, compared to just 21% of men, said they were focused on reducing risk in their portfolio. On the other hand, just 2% of women, and 6% of men, said they were interested in taking more risk.One report found that men are 35% more likely to buy or sell stocks than women. Single women trade 27% less frequently than single men. – The majority of Millennial women (63%) say they started to concern themselves with investing in their 20s, while that figure was just 28% for Gen X women and 16% for Baby Boomers. Women are less financially literate than men, finds a recent study from George Washington University — but they’re more knowledgeable than they believe. Pay-gap in Singapore is narrowing – but still at 16.3% for median pay as men tend to work higher paying jobs whereas women work lower paying jobs + difference in labour force participation rate given parenting (women being caregivers to children and taking time off to care for children, thus lagging behind in career progression)
Source: https://www.channelnewsasia.com/news/singapore/women-singapore-earn-6-per-cent-less-than-men-wage-gap-12247034 – Research coming out on investment performance of men vs women: https://www.forbes.com/advisor/investing/woman-better-investors/
In general, women are less likely to engage in short term trades compared to men. A study by the University of California, Berkeley, published in the Quarterly Journal of Economics found that men make 45% more trades than women. + Women have long-term goals, which guide their investing habits. They are known as “buy and hold” investors, who are saving up for milestones such as their child’s university education and their own retirement. + The same study by the University of California, Berkeley, highlights how neuro-economists have found women to be more empathetic and tuned in to cues. This, they say, may enable them to enjoy greater trading intuition. In 2020, it still costs more to be a woman than a man. Not necessarily because of what women are buying, but because feminine-branded products that are aimed at women are often more expensive, and women are expected to spend our money on things that men are not. – https://monzo.com/blog/the-extra-cost-of-being-a-woman + pink tax You can learn more about today’s guest at: www.treeofprosperity.blogspot.com Want to get in touch? You can reach out to us through the email podcasts@melisten.sg, or through Junus Eu’s instagram @missfitfi.
Finally, the Build Financial Fitness Podcast is an original production from Mediacorp. Your executive producer is Barry Toa, show producers is Junus Eu. With editing, support and arrangement by Danny Koordi and Gareth Fernandez.
See omnystudio.com/listener for privacy information.
Listen on Spotify
Listen on Apple
