There was a good quote in the article by Sukhinder Singh Cassidy where she mentions, “Women underestimate themselves, while men overestimate themselves. You have to sort of lean into risk and have a higher confidence bias, rather than a confidence gap. And I don’t think that gene is bred into women.”
I do agree that this is one of the major problem that female investors have to face. The issues that female investors face have more to do with self-confidence in picking good investments and their risk tolerance. You’ll also find that this is probably why there are so few female traders on Wall Street.
In the November 2011 “Women in Alternative Investments” survey by Rothstein Kass and 85 Broads, one of the key findings was that the factors most critical to female investors’ success were strong professional networks, strong mentoring relationships, willingness to take risks, strategic career planning and strong support networks. Clearly each of these factors can help address the confidence gap and risk-averseness that may hinder many female investors.