8 reasons why women make better investors

Do women really make better property investors?

There seems to be mounting evidence that this could be the case.

A while ago  Kym Kiyosaki gave her opinion on 8 advantages that women have that make them better investors.

Here's what she said:

1. We’re not afraid to say, “I don’t know.”

The person who has to know all the answers, who’s afraid of looking stupid, never learns or grows.

Women, in general, are more willing than men to ask questions and admit when we don’t understand something.

The advantage we women have in being confident to say, “I don’t know,” is that it opens up the doors for us to learn so many things.

It’s one of the most powerful tools we have.

2. We’re willing to ask for help

Kiyosaki told this story:

I visited my friends Marie and Carl a while back, and they had a plumbing problem.

Marie’s first instinct was to call a plumber, but Carl was adamant that he could fix the problem himself.

A couple of hours later, Carl emerged from the bathroom looking frustrated and defeated.

“Let’s call the plumber,” he said, begrudgingly.

When the plumber came, he ended up replacing the entire toilet.

Turns out the original problem was a small piece that would have taken a few minutes, but Carl’s efforts made that small problem a much larger one!

Had they just followed Marie’s advice to ask for help, they would have saved a lot of money, time, and frustration!

3. We’re great shoppers

Some stereotypes are true…women are great shoppers.

Why does this matter when it comes to investing?

Because we know how to find a great deal!

The formula for bargain shopping is the same as for investing - look for something priced below its actual value and buy it.

4. We do our homework

Women don’t usually buy off the “hot tip.”

We do our homework.

According to the National Center for Women and Retirement Research (NCWRR), women spend more time researching their investment choices than men do.

5. We are risk-averse

Many studies have shown women to be “risk-averse” as compared to men.

Some think this is a bad thing, but I think it can be used for a lot of good.

Whenever I venture into an investment that I feel is a bit more risky or unfamiliar, I tend to study it a little bit more than usual and do my homework, which leads to greater success as an investor.

Of course, this can also lead to analysis paralysis, so women need to watch out for that!

6. We have much less ego

Generally, women have much less ego when it comes to their investments.

My girlfriend investors tend to be very practical, matter-of-fact, and very conscious of the return on their investments.

It’s no secret that men can tend to display a bit (or is it a lot?) of ego and bravado when showing off their investments.

The only thing my girlfriends want to show is the money.

7. We are nurturers

Women tend to nurture their investments.

For instance, I have a friend who told me about her apartment investment the other day.

She talked proudly about how she had fixed up the building and improved the look and feel of the property.

She mentioned the wonderful tenants she had and told me how she took care of her property and her tenants.

She told her property managers to nurture them.

8. We learn well from other women

Women love to share what they are learning with each other.

If they find something that works, they want to share it with their friends.

This may be why the women-only investment clubs outperform the all-men clubs.

Women typically want their friends to succeed

About Aska Soo Aska is a Senior Wealth Planner at Metropole and a passionate, driven professional with many years of experience as a property consultant, helping clients achieve their financial goals through property. She has consulted clients around Australia by reviewing, educating, and advising clients about their financial situation and what they need to achieve their end goal of being financially free.