Things Women are Better at, than Men

    Well, women are better than men might sound like a feminist rant to most men but it isn’t that far from the truth. After hundreds and thousands of years of patriarchal oppression, women are finally getting a voice of their won and challenging male dominance. From household chores to being astronauts, there is no field where women are not asserting their prowess. The #metoo movement is exposing the disgusting grip of male power and high handedness and is transcending boundaries of race, color and nationalities among women and men. Now a world where women can have equal opportunities and support system seems achievable in a not-so distant future. But let’s take a few examples to debunk myths and study facts supported by data to understand that women kick butt across fields. The reasons may be evolutionary, skills developed due to systematic persecution or just a result of equal opportunity achieved after decades of struggle starting right from inside the womb.  Well let’s just like a girl is not an insult rather a compliment so men please don’t shy away from embracing the feminine side – because it’s the Yin and Yang, the Shakti and Shiva that form the core energies of the universe.

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    If we look at the investing world globally, it is heavily dominated by men. It could very easily lead to the conclusion that men have an edge when it comes to taking money decisions but nothing could be farther from the truth. None other than one of the largest financial firms, Fidelity, released data to support the fact that women are a better investor than men. The company considered for its study data from more than eight million investments globally. The data revealed that women save as well as earn more from the investments they make annually, both figures being 0.4 per cent higher than men.

    While at the outset 0.4 per cent may not look like a big number but investing works on a principle of compounding. So taking the results and extrapolating them over let’s say 20-30 years, in other words, a lifetime of investing as well as saving decisions for a salary of $ 50000, women can make as much as $ 250,000 more than men. But to understand the skewed perception of people better, a survey conducted on investing prowess by Fidelity’s partner revealed that only 9 per cent of the participants responded that women were better.

    To dig down deeper into the reasons which make women better investors, Fidelity Investments analyzed several factors. Men are more likely, by around 35 percent when compared to women, to make trades. This translates into a higher amount of trading fee which cuts into their portfolios’ profits. Another big factor was savings. Women are more diligent when it comes to putting money aside by an entire percentage point. It could be in terms of the employer-offered plan, individual instruments and other avenues. Fidelity also found that women took a balanced approach toward investing. They are less likely to go all-in into riskier allocations like equity and tend to diversify their investment portfolios to balance out the risk factors.

    These results are corroborated by another study done by two researchers at the University of California. They also found that women beta men by one percentage in terms of investment decisions. Women have a better long-term vision, save more at a regular basis and do not try their luck with market timing trades while men find market trades as a sort of adrenaline rushes which they can boast of later over drinks.

    So time to think again about the better portfolio manager for your fund – be it at home or in the share market.

     

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    I'm a huge Nadal & Liverpool fan. A massive foodie who is crazy about GoT, Harry Potter, Calvin & Hobbes and Friends, I love reading non/historical fiction. Used to be a tennis player before work caught up. Tennis has now been conveniently substituted by cycling.I am an avid traveler who believes that the pleasure is in the journey!

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