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Investing is not about being right or wrong. It’s about making money. Women are able to put their egos aside in ways men have trouble doing. This ability to set their ego aside makes women great investors.
Need proof? Ask yourself this: if a man and a woman are lost on a trip, who is more likely to stop and ask for directions? Women are more likely to ask investment questions until they completely understand concepts. Men, on other hand, can be too afraid to ask necessary questions because he may look bad doing so. Women tend to come to investing with a mind to learn. And when they learn, they execute solid plans. Men can be heard saying they “know that a company is good”, whereas women can usually tell you why company is good.
As more and more women turn to investing, I think we will see this trend of women outperforming men. A woman’s ability to put her ego aside already gives her upper hand in investment strategy.
And because women on average still get paid less than men (a situation that needs to change--pronto!), women can use their inherent advantages to invest more and work less. So men can go out, work hard, and earn a lot of money, whereas women can invest more, work less, and earn a lot more money.
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