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.

other articles by:

Continue Reading

Other articles filed under Austin CFP Team Posts

Did You See Us On The Austin Business Journal List?

June 4, 2020 - Thank you to the Austin Business Journal for including us in the Financial Planning Firms List for 2020. You can find us on the Austin-area investment management firms RIA list. We’re so thankful for our clients and friends who have...
Continue Reading

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

Return to Blog Home