Why You Should Always Invest Like a Woman
While the gender pay gap has been a hot-button issue for some time, the gender investment gap tends to get considerably less press. The term refers to the fact that women invest considerably less frequently than men, and the issue as a whole encompasses how this behavior adversely affects women across the nation in the long run.
That said, studies have indicated that women who do invest tend to do so prudently. So how are women getting it right when it comes to investing? HighPoint Advisors, LLC offers a few tactics women have employed to pursue their investing goals.
Women Stick to Their Goals
Studies have illustrated a tendency among women investors to set clear financial goals. What sets these women apart from men, however, is that they tend to stick to those goals much more reliably, a habit that can ultimately lead to an increase in savings in the long run. Some experts suggest that this is because men tend to invest with a more competitive mindset, while women commonly operate with sights set on long-term milestones. This leads to another crucial point…
Women Trade Wisely
The aforementioned finding that women stick to their goals goes hand-in-hand with the conclusion that women are less likely to trade their investments. Trading has its benefits, if it’s done at the right time, but that’s certainly not always the case. In fact, multiple studies have noted that women tend to hold onto their stocks longer than men in order to avoid financial risk, and that doing so can help focus on better returns.
Women Know When to Ask for Help
Yet another characteristic that grants women a leg up in the investment scene is their willingness to look to financial experts for professional assistance in forming an investment plan. One study noted that, among women actively participating in investment-related activities, there was a 25% year-over-year increase in women seeking guidance from financial experts. Consulting a financial advisor can help provide benefits in the long run, as these experts are trained not only to help you invest wisely, but to forge a close relationship with you as you work toward your long-term financial goals.
Looking to experience the difference a professional financial advisor can offer in Syracuse, New York? Choose HighPoint Advisors, LLC. Our boutique firm offers an intimate environment and personalized service, but we’re outfitted with the resources necessary to help you achieve your financial goals today and in the future. Contact us at 315-627-0474 315-627-0474 to get started.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All investing involves risk including loss of principal.