Vanguard: Women Take As Much Investing Risk As Men, But…

Women and men take similar risks in their portfolios, a Vanguard study noted, but women take advice from professionals in building their portfolios and those accepting professional assistance performed better, the study showed. Nonetheless, women still have investment portfolios nearly half the size of men primarily due to wage gap issues. Vanguard: Men and women have similar risk tolerances, each hold near 3/4 of their portfolio in equities The Vanguard study of 720,000 employees covering 380 retirement plans revealed that women and men take similar levels of portfolio risk, a factor attributed to the growing use of target-date funds as defaults….