Why Women Are (Still) Better Investors Than Men in 2016

Better Investing

What's Hot

Shoppers Boycott Businesses Selling Trump-Branded ProductsBusiness

5 Reasons to Shop for a Home in DecemberFamily

Giving Thanks: Why Foreigners Find America AmazingAround The House

Why Washing Your Turkey Can Make You IllFamily

50 Best Gifts Under $25 for Everyone on Your ListFamily

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

What the Richest 1 Percent Earns in Every StateFamily

10 Ways to Retire Earlier Than Friends on the Same SalaryGrow

The 10 Best Ways to Blow Your MoneyCredit & Debt

7 Foods That Can Lengthen Your LifeFamily

The 50 Hottest Toys of the Past 50 YearsFamily

7 Government Freebies You Can Get TodayFamily

It's only February, but women have already been identified as the better-investing gender this year. Find out why.

It’s only February, but women have already been identified as the better-investing gender in 2016.

Data compiled for CNBC by SigFig Wealth Management, an online-based investment adviser, found that women continue to earn better return rates on their investments compared with men.

SigFig’s data, which is based on a review of more than 50,000 accounts, shows that going into last week, the median women’s performance was -7.2 percent. The median man’s performance was -7.6 percent.

CNBC attributes this gender difference in 2016 — and in past years — to men trading more than women and therefore paying more in fees:

All that portfolio churn hurts the overall return of their portfolios.

So far this year, men have traded about 30 percent more than women, which CNBC reports continues a trend of men having about 1.5 times more portfolio turnover than women.

CNBC cites the stock market’s August tumble — during which the Dow Jones Industrial Average took a dive of more than 1,000 points, or 6.6 percent — as an illustration of why women investors beat men last year.

That market tumble prompted panic and, for some investors, selling. But it proved short-lived, with the stock market recovering those losses later in the year — so the investors who didn’t panic and didn’t trade were rewarded.

What’s your take on the reported differences between men’s and women’s investing skills? Let us know what you think below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 15 Golden Rules to Save on Every Purchase

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,881 more deals!