Another survey, by the Bank of Montreal, this time about men and women and who beats whom on investing. It turns out it's better for both with an advisor.
Men:
More enrolled in work-place savings programs
Higher savings
Consider their investment strategies 'aggressive'
Investments did less well in the recent recession
Are 'as stubborn about seeking financial advice as they are about asking for directions'
Women:
Have interrupted work years
Less sure of their financial knowledge
Lower savings
Lower Social Security
Longer lives
The survey found that using an advisor melded the best traits of men and women and produced the best results for both genders. I agree!
Citation:
Marion Syversen, MBA
NorumbegaFinancial
207.862.2952
Marion@NorumbegaFinancial.com
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