NYT on women as financial advisors

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gtd98765
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NYT on women as financial advisors

Post by gtd98765 » Mon Jan 14, 2019 2:45 pm

Considering Firing your male broker

https://www.nytimes.com/2019/01/14/opin ... e=Homepage
In one of my favorite papers, “Boys Will Be Boys,” published in the Quarterly Journal of Economics, Terrance Odean at U.C. Berkeley and Brad Barber at U.C. Davis found that accounts owned by women outperformed those of men because women traded a whopping 69 percent less than men and incurred less in trading costs. Why did the men trade more? The research indicates men regularly exhibit overconfidence in their ability.

Vanguard Fan 1367
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Re: NYT on women as financial advisors

Post by Vanguard Fan 1367 » Fri Jun 07, 2019 12:53 am

gtd98765 wrote:
Mon Jan 14, 2019 2:45 pm
Considering Firing your male broker

https://www.nytimes.com/2019/01/14/opin ... e=Homepage
In one of my favorite papers, “Boys Will Be Boys,” published in the Quarterly Journal of Economics, Terrance Odean at U.C. Berkeley and Brad Barber at U.C. Davis found that accounts owned by women outperformed those of men because women traded a whopping 69 percent less than men and incurred less in trading costs. Why did the men trade more? The research indicates men regularly exhibit overconfidence in their ability.
I would recommend considering firing your male and your female broker and getting your investing advice from Bogle's books.

Dottie57
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Re: NYT on women as financial advisors

Post by Dottie57 » Fri Jun 07, 2019 8:50 am

The worst FA I had was female. I allowed her to talk me into selling options on Apple stock which I wanted to keep. She promised me it would not actually sell. She was wrong and I was stupid. Then I wanted to rebuy shares with the sales proceeds and she refused.

She was let go within 6 months of this.

I’ve learned a lot since then.

montanagirl
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Re: NYT on women as financial advisors

Post by montanagirl » Fri Jun 07, 2019 9:11 am

Nice of the NYT to try to build us up tho :rolleyes:

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