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« Commodity ETF's - When Fundamentals Matter Most | Main | Process versus Outcome in Investing »

October 12, 2007

Comments

Mike

I'm an advisor with virtually an equal number of male and female clients. Most of my clients are "hands off" (which isn't an accident). My most nervous clients are males. They are the ones who call me with (always incorrect) market predictions. These predictions are based 100% on gut feeling, not on research.

Men overall seem more willing to act on their beliefs (i.e. "I feel this, therefore do this."). Women may have even stronger beliefs, but they may be more reluctant to direct someone who is supposed to be an authority.

This is far from conclusive, though, as I've lost out on more accounts that were controlled by women (either individually or via their husbands). Numerous times I've had husbands sold only to have them call me and say their wife doesn't want to move forward. So it's very likely that my client base is skewed. I certainly hope so, because that's precisely what I want.

Lawrence D. Loeb

By an interesting coincidence, in this story (http://www.finalternatives.com/node/2626), a trader is alleging that he was forced to take female hormones "to facilitate a more 'effeminate' trading method;" whatever that means.

I look forward to learning the results of your survey.

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