posted on April 3rd 2017 in Austin CFP Team Posts with 0 Comments /

This is an excerpt from Chapter 3 of Certified Financial Planner™ Scott O’Brien’s brand new e-book Surviving to Thriving: A Financial Resource for Divorcées and Widows. This e-book brings you in depth information from 7 experts across industries to help women manage the financial and personal elements of life’s major transitions. Download your complimentary copy today.

The Kiplinger’s Financial Advice & Investing Survey revealed that 83.8% of single wealthy women and 80.2% of widows relied on newspapers, magazines, and websites as their primary tools for learning about finances. Financial television news networks and financial advisors came in second and third.

According to the University of California-Berkeley study, “Boys will be boys; gender, overconfidence and common stock investment” by Brad Barber and Terrance Odean, published in 2001, women outperformed their male counterparts by 2.3% over a seven-year period.

One of the reasons for that outperformance was attributed to the observation that women tended to take a more patient approach. A second study from Berkeley shows that the more an investor traded, the lower his or her returns.

Despite this evidence, investors are buying and selling at a more rapid pace now than ever before. In 2015, mutual fund company MFS found the average stock was held for only 8 months — compared to an average of 8 years in 1960.

The Berkeley study found that women tend to trade 30% less than men. But the temptation to trade is clear: information is instant and abundant, trading commissions are low, and the action can be exciting.

However, Odean states that, “Trading is hazardous to your wealth.”

Surviving to Thriving: A Financial Resource for Divorcées and Widows brings you practical advice from 7 experts across specialities to help women manage the financial and personal elements of life’s major transitions. Get your complimentary copy today.

about the author: Scott W. O'Brien CFP®, EA

scottScott W. O’Brien CFP® is a CERTIFIED FINANCIAL PLANNER professional who serves clients by coordinating their financial lives and assisting them in making smart financial decisions within the areas of investments, retirement planning, insurance strategies, tax minimization, and estate planning.

Scott was honored as the winner of the 2015 Five Star Professional Wealth Manager for Austin, San Antonio and the Central Texas region. He has been quoted in the Wall Street Journal, US News & World Report, and Investopedia.

Learn more and/or Contact Scott

Continue Reading

Other articles filed under Austin CFP Team Posts

How to Manage It: Millennial Rules for Finances

June 20, 2019 - Millennials have come of age in an era like no other in history. This generation has made its mark in a time period that’s been a supernova of information accessibility, interpersonal connectivity and technological disruption. It’s no wonder this generation...
Continue Reading

How We Give Big Pink

June 5, 2019 - We make it a priority to give back to our communities and support our own in their endeavours to do so. On April 12, WorthPointe was a table sponsor of the Susan G. Komen® Greater Central and East Texas "Big...
Continue Reading

We are honored to make the list of AdvisorHQ’s Top Financial Advisors in Austin, Texas

April 9, 2019 - We are so happy to see WorthPointe on AdvisorHQ’s Top Financial Advisors in Austin, Texas, to partner with in 2019. As examined in the article on the Advisor HQ Website, we know it’s difficult to know where to start when...
Continue Reading

How Brooks Morgan Rose From Intern to Partner at WorthPointe

March 27, 2019 - We are pleased to announce that Brooks Morgan was recently made a partner at WorthPointe. Brooks began his WorthPointe journey in 2011, while still a student at the University of Texas, studying finance and business administration at the Red McComb...
Continue Reading

How Do We Compare to Austin’s Best Financial Planning Firms?

February 28, 2019 - Every year, the Austin Business Journal publishes its annual Book of Lists. This downloadable document or print book — both available for purchase — lists the “hottest area companies in their field” based on ranking criteria specified by field. In...
Continue Reading

Return to Blog Home