New York (May 15, 2002) -- Women today are more knowledgeable and confident about investing than ever, according to the latest Money magazine/OppenheimerFunds survey.
Compared to a decade ago, more women are involved in their families' investment decision-making and retirement planning, according to the survey, which appears in the June issue of Money magazine. The study also revealed that women are less likely to take investment risks than their male counterparts and more likely to keep private accounts than men.
In 2002, 63 percent of women participated in buying and selling stocks, bonds, and mutual funds for their families, compared to 53 percent in 1992 and 61 percent in 1997, according to the report. More than three-quarters of those surveyed (77 percent) considered themselves more knowledgeable about investing than they were five years ago, while 79 percent considered themselves more knowledgeable about investing than their parents were at their age.
According to the report, women are less inclined than men to take ill-advised risks, and more inclined to hold a steady investment course even during periods of market volatility. The study found that 34 percent of female investors surveyed had purchased stock on a tip from a friend, compared with 51 percent of male investors. And 29 percent of men say they purchased a high-tech or Internet stock sometime over the past three years that lost half its value by the time they sold it -- compared to 20 percent of women.
-- Electronic Accountant Newswire staff
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