Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.

4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Invest in Sydney/Brisbane property markets, or for media/public speaking requests, email pete@allenwargent.com

Tuesday, 22 May 2012

Women are better investors than men: fact

It was pointed out to me today that my Blog can be a little, how should one say?…bloke-ish (cf. my last post on cricket, sports betting and Monday lunchtime curries).

I must admit, it had never occurred to me as to whether anything I write retains a gender bias. I hadn’t consider this to be so, but perhaps it is true?

Studies have shown: women make superior investors

A point I iterate and re-iterate in my book, is that studies have shown time and again that women frequently make more successful investors than men – when, that is, they are afforded the opportunity to control household purse-strings.

There are a number of reasons for this, most of them related to the perception of risk and emotional responses.

Women tend to have a greater desire and propensity for self-control than men, who seem to have more of a leaning towards self-destruction and love the call-to-action-adrenaline-rush of a crisis situation.

When it comes to share investing, surveys have shown that men tend to overtrade (generating eye-watering transaction costs), place too much confidence into speculative ventures (the self-destruct mechanism in full flow) and tend to be over-confident in their own ability in general.

Women on the other hand are often more rational, have more patience and composure and thus trade less frequently (and see no merit in action without purpose), are more inclined to seek advice and education, and tend to invest more conservatively.

Women may also have more awareness, which can lead to stress but also a greater yearning for financial discipline.

Men, on the other hand, react angrily to crises, extrapolate wildly based upon incomplete information and make ill-advised, hasty financial decisions.

What do men need to learn from this

What study after study has shown is that men need to learn the following skills:

·         -Be less over-confident
·         -Trade less frequently
·         -Take fewer unnecessary risks
·         -Learn discipline

In fact, men simply need to learn to be more like women investors!