Only about a little over 10% of women make their financial decisions independently, leaving a staggering 9 out of 10 women allowing their male counterparts or advisors to determine their financial lives, which is surprising, considering that females are actually better in managing money and at investing.
Let me visit the blessing in disguise. Women being over-skeptical and wary with inhibitions embedded by the society, research more, and hence tend to avoid risky adventures driven by whims. They thoroughly investigate all investment decisions and are open to feedback challenging their assumptions. It is thus paradoxical that despite having most the checkboxes ticked in their favour, women still rely on men, due to their own-built shells. In fact, as per several research and reports by lending players, banks, investment platforms and other financial institutions, women are better lenders, re-payers, and risk-tolerant than men. Women are also better investors as they speculate less, plan more, link a goal/objective to the investment, and thus diversify asset allocation better.
On this note, I wish all the ladies out there
Happy Women's Day & Happy Investing!!
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