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Survey shows gender matters in investing
A survey done by Merrill Lynch Investment Managers produced some interesting results on how gender differences affect investing behavior. The telephone poll of 1,000 investors (half of them men, half women) asked questions about investment attitudes and actions.
According to the men, their biggest investment mistake was holding a losing investment too long, while women said failing to invest early enough was their biggest mistake.
The survey concluded that women make fewer investing mistakes, largely because they are more willing than men to ask questions and seek expert advice. Women are also less likely than men to repeat the mistakes they did make.
To read more about this survey, Google on Merrill Lynch Investment Managers Survey.