By Sophia Bera
NEW YORK ( AdviceIQ) -- Men traditionally dominate the financial world, but women are actually better investors. Women are less impulsive and stick to a plan. Some male investors should take notice.
Research sketches out how women differ from men when it comes to investing. According to a study by Barclays Wealth and Ledbury Research in 2011, women do indeed make more money in the stock market. We tend to take fewer risks, do more research before we invest and follow a buy-and-hold strategy.
Over the past few months playing free Texas Hold'em at a local bar, I also noticed a parallel to investing: The tendencies that make women better investors make us better poker players, too. It's no wonder that Loni Harwood, a female with a major in finance, won a gold bracelet at this year's World Series of Poker.
Women are more risk averse and less impulsive. "Women spend more time researching their investment choices, tend to take less risk than men do and hold onto their investments longer," says LouAnn Lofton, author of Warren Buffett Invests Like a Girl -- And Why You Should, Too. "Women are also more likely to seek out information that challenges their assumptions."In my completely unscientific observations, this translates to the poker tables too. I didn't notice this right away, though. George, who administers the card game I attend, pointed it out to me.