Posted by Rob Minton
Follow me on Twitter
Over the years of working with real estate investors, I have seen my fair share of husband-and-wife teams. They are always interesting to work with, and I know some pretty successful couples in the real estate investing game.
Sometimes, there are couples who disagree on things, even argue. I think that this kind of argument can be counterproductive, as it tends to decrease action-taking. However, I stumbled across an article on CNNMoney.com that suggests that maybe husband-and-wife investing teams' differences can be an asset.
The article points out that a study done by the Unveristy of California-Berkley shows that men and women -- Mars and Venus -- invest differently. Men, the study found, are gung-ho, willing to take on more risk for more potential reward. In the stock market, they trade more frequently than women.
Women, the study found, tend to be more conservative. Trading less frequently, sticking with stocks longer and taking less risk. And women earn better returns.
Another study the article mentions took a look at investing clubs. It compared all-male investing clubs and all-female investing clubs to mixed-gender clubs and found that the mixed-gender clubs are the most successful.
This probably makes sense if you think about it. Two people combining two different approaches probably leads to more diversity, as well as a decent balance between high-risk, high-reward investments and "safer," lower-reward investments.
It's an interesting article to read, and it makes you think about how a team with combined skills and approaches can actually make the individuals stronger.
I guess above all, the article leaves no doubt in my mind why some husband-and-wife teams of investors are so successful.
Comments