What Does It Take To Be A Successful Investor?

Several studies in the last few years have found that many women are really good investors. In fact, you might be surprised to learn that women often earn higher returns on their investments than men. They also tend to add more to their account balances over time.

But there is still a confidence gap when it comes to women and investing.

Many women don’t invest their money (or enough of it) because they lack confidence. This causes them to miss out on the power of compounding (earning interest on top of interest) for years.

Instead, women tend to “play it safe” by using savings accounts rather than investing their money.

While using a high-interest online savings account for your emergency fund is a smart money move, the interest you earn will barely keep up with inflation.

Investing not only fights the effects of inflation, but it also helps grow your net worth over time.

This allows you to be better prepared to take care of yourself in retirement, help your aging parents financially, or help with expenses such as college for your kids.

If you’re worried you don’t have what it takes to be a successful investor, keep reading to learn more about the traits and habits helping people build wealth through investing.