Compounding Wealth By Capitalizing On Boomer Gender Differences - Part V
Men actually traded 77% of their portfolio each and every year versus women trading 53% of their portfolio annually. Single men traded 67% more than single women. All that excess trading resulted in men's returns coming in .94% less than that of women, (almost a full percent less than women) and the single men's returns are almost 1.5--actually 1.44% less than single women's.
This kind of precipitous action that the male brain prompts men to take is quite expensive, especially when you consider compounding, whereas women will be much more intent on finding some substantive evidence as to why they should make those investments and they will generally hang on to their investments longer so as a rule. If we can harness the power of the male and female brains so that 1 + 1 =3, we'll make FAR more money, and live happier, healthier lives. What's the alternative, you ask?
Premature death notwithstanding, 51% of American marriages end in divorce and according to the Journal of Sociology's Marriage and Divorces Impact on Wealth Study, both parties suffer a net worth drop of 77% on average.
67% of 2nd marriages end in divorce, the statistic is higher because it is about blended families it's about mixing money, it's about children of two different marriages, it's about loyalty and commitment. Often blended families do not work; they need a lot of help in getting over these hurdles.
Disagreements about money are really a very very big part of what is usually at the core of couples' problems. However, as any psychotherapist knows, money is just the holding point because it is usually about communication and money then becomes the vehicle with which they disagree. It doesn't mean that they don't have money issues but if they have good communication about the myriad of other issues and an effective way to talk to each other, then it will follow that their money issues will be able to be negotiated and mitigated.
Let's be about empowerment then. Let's understand and work with gender differences as boomers. Let's be as creative in solving these conundrums as we are about all other aspects of our lives-we who are living longer, and living younger. Let's keep love in our lives, and that will pay huge dividends in our compounding wealth!
You'll find these and more statistics, patterns and recommendations in my upcoming book, so stay tuned for its release on msmorrisonspeaks.com
Call us to book speaking engagements for mature women seeking a motivational speaker who will catapult women towards their financial empowerment, by calling 1-877-BE-WISE2.
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Debra L. Morrison Speaks, LLC Motivational Speaker
Phone: 877-BE-WISE2 (877-239-4732)
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