- Date : 17/04/2023
- Read: 3 mins
Women have different behavioural traits which, when applied to investing, can deliver good results. Discover these traits of women which make them smart investors.
Maura Griffin, the head of a leading capital advisory firm in the US, said - The best investors are disciplined, patient, resilient and independent-minded – all the qualities most women possess in abundance."
Women are born financial planners. Give them a budget, and they will easily handle the day-to-day household expenses. They even manage to save, however limiting the budget might be.
From being career-oriented, women are now becoming financially independent too. They are taking charge of their own money, and, given their character traits, they make good investors too. So, what behavioural traits make women so good at investing? Let's find out -
5 traits of women for successful investing
1. Discipline:
Discipline is a crucial trait for any successful investor. This allows continued and regular investments without the temptation to dip into the savings. Women are known to be more disciplined with their investing. They keep their eye on the prize and stick to their investment plans over the long term, even amid uncertainty and market volatility.
2. Patience
Investment decisions are not meant to be made in haste. It is necessary to be patient and make a calculated move for good returns. Moreover, in market volatility, patience can help avoid hasty decisions which might lead to losses.
Women have the inherent trait of being patient to get the desired results. They have a long-term approach and tend not to get hassled by short-term market volatility.
3. Collaborative
Women know when to seek help and guidance. As accomplished as they might be, they don't hesitate to ask for an expert opinion when needed. This works in their favour when it comes to investing. They tend to seek advice and are collaborative when making their decisions. This helps them avoid making impulsive decisions or investing in risky financial products/investments.
Related - Financial freedom has different meanings for men and women. Read to know more.
4. Risk-awareness
A woman knows herself. She knows her risk-taking ability. She analyses the involved risks, be it their financials or important life decisions. This analysis and her risk appetite help her choose the right investment avenues. Investing per one's risk tolerance is one of the pillars of investment planning, and women tend to do that. This helps them avoid unpleasant surprises over the long run, and they can manage their investment risks well.
5. Resilience
Eleanor Roosevelt said - A woman is like a tea bag. You can't tell how strong she is until you put her in hot water.
Resilience is one of the most important traits of women. When faced with a challenge, she knows how to sail through without making a hue and cry.
In investing, challenges are common. Your investments might not perform as expected, or a sudden market crisis can lead to considerable losses. Women can weather such storms. They don't give up and keep at their investments even in trying times and can emerge a winner.
Do not underestimate the power of women when it comes to finances. With these inherent traits and a steady head, they can make a profitable portfolio and manage it efficiently.
As more and more women become financially savvy, they might teach a lesson or two in successful investing!
Related - Here are the best ways of improving financial security for women
Maura Griffin, the head of a leading capital advisory firm in the US, said - The best investors are disciplined, patient, resilient and independent-minded – all the qualities most women possess in abundance."
Women are born financial planners. Give them a budget, and they will easily handle the day-to-day household expenses. They even manage to save, however limiting the budget might be.
From being career-oriented, women are now becoming financially independent too. They are taking charge of their own money, and, given their character traits, they make good investors too. So, what behavioural traits make women so good at investing? Let's find out -
5 traits of women for successful investing
1. Discipline:
Discipline is a crucial trait for any successful investor. This allows continued and regular investments without the temptation to dip into the savings. Women are known to be more disciplined with their investing. They keep their eye on the prize and stick to their investment plans over the long term, even amid uncertainty and market volatility.
2. Patience
Investment decisions are not meant to be made in haste. It is necessary to be patient and make a calculated move for good returns. Moreover, in market volatility, patience can help avoid hasty decisions which might lead to losses.
Women have the inherent trait of being patient to get the desired results. They have a long-term approach and tend not to get hassled by short-term market volatility.
3. Collaborative
Women know when to seek help and guidance. As accomplished as they might be, they don't hesitate to ask for an expert opinion when needed. This works in their favour when it comes to investing. They tend to seek advice and are collaborative when making their decisions. This helps them avoid making impulsive decisions or investing in risky financial products/investments.
Related - Financial freedom has different meanings for men and women. Read to know more.
4. Risk-awareness
A woman knows herself. She knows her risk-taking ability. She analyses the involved risks, be it their financials or important life decisions. This analysis and her risk appetite help her choose the right investment avenues. Investing per one's risk tolerance is one of the pillars of investment planning, and women tend to do that. This helps them avoid unpleasant surprises over the long run, and they can manage their investment risks well.
5. Resilience
Eleanor Roosevelt said - A woman is like a tea bag. You can't tell how strong she is until you put her in hot water.
Resilience is one of the most important traits of women. When faced with a challenge, she knows how to sail through without making a hue and cry.
In investing, challenges are common. Your investments might not perform as expected, or a sudden market crisis can lead to considerable losses. Women can weather such storms. They don't give up and keep at their investments even in trying times and can emerge a winner.
Do not underestimate the power of women when it comes to finances. With these inherent traits and a steady head, they can make a profitable portfolio and manage it efficiently.
As more and more women become financially savvy, they might teach a lesson or two in successful investing!
Related - Here are the best ways of improving financial security for women
