Tim Robberts | Digitalvision | Getty ImagesWhen it comes to money, women tend to think of themselves as savers rather than investors.
"The biggest risk to women's portfolios is that we don't take enough risk," said Nancy Tengler, CEO and chief investment officer of Laffler Tengler Investments in Scottsdale, Arizona.
"Women make better investors than men," Tengler said, and are often less benchmark driven, willing to do more research and are open to changing their minds.
Women investors tend to achieve positive returns and outperform men by 40 basis points, according to research from Fidelity Investments, based on an analysis of annual performance for 5.2 million accounts.
There are reasons why women should stay actively involved in the management of their household finances, according to Tengler.
Persons:
Tim Robberts, Nancy Tengler, Tengler, Edward Jones, Lena Haas
Organizations:
Digitalvision, Investments, Fidelity Investments, Boston Consulting Group, Microsoft, Apple
Locations:
Scottsdale , Arizona