Founder of Curtis Financial Planning
Academic research suggests that women tend to be more conservative as investors, while men are more aggressive traders. But that doesn't mean men should do the investing.
"I had a client tell me her husband is on the computer all the time trading ETFs," said Curtis, CFP and founder of Curtis Financial Planning. "These kinds of clients are difficult to deal with, because they think that they can outgame the market on a regular basis. This is just not true."
That's the exact type of aggressive male-trading approach that leads women to have higher market returns than men, found one academic study. Curtis has also seen the other extreme with clients, including women who are too conservative and invest all of their money in assets like gold. "The key is to diversify," Curtis said.
Two heads really are better than one.