PFP Financial Blog – Attaching a monetary value to financial advice misses the point

These days we’re obsessed by value — not just businesses, but individuals too. We all want to make the most of the limited financial resources at our disposal, and quite right too.

There is however a danger in constantly looking at value in purely monetary terms. In other words, how much will it save me, in monetary terms, to buy this particular product or service as opposed to that one. Financial advice is a classic example of where the focus on monetary value isn’t particularly helpful.

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PFP Financial Blog – Why Women Make Better Investors Than Men

There can’t be many sectors of the economy that are more male-dominated than the investing industry.

Only around 10% of mutual funds and hedge funds have female managers, and women account for fewer than a quarter of financial planners. Evidence also shows that although men and women tend to share financial decisions generally, decisions specifically about investing are made overwhelmingly by men. Women also tend to think they know less about investing and are less confident about making decisions than men.

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