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Featured Advisor



Ed Meek
CEO/Investment Advisor

Edge Portfolio Management

City:Winfield

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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Men Enjoy the Investment Game More than Women Do

As wealth increases, so does the enjoyment investors get from the investing process.

| BY Kent McDill

Whether it is the competitive nature of investing, or the thrill of risk, men enjoy the challenge of investing more than women.

Spectrem’s Millionaire Corner report, Investment Attitudes and Behaviors of High Net Worth Women versus High Net Worth Men, reveals that the differences between men and women extend to their overall interest in the process of deciding what to invest where.

The study examined the opinions of investors in three different wealth segments: Mass Affluent (with a net worth of between $100,000 and $1 million Not Including Primary Residence), Millionaire (with a net worth of between $1 million and $5 million NIPR), and Ultra High Net Worth (with a net worth of between $5 million and $25 million NIPR).

Overall, 48 percent of male investors enjoy investing, and do not wish to stop. Only 36 percent of women say they enjoy investing, a gap of 12 percent.

The enjoyment factor increases as wealth increases, according to the report. While only 40 percent of Mass Affluent men say they enjoy investing, 59 percent of Millionaire men and 68 percent of UHNW male investors enjoy investing. Among women, only 31 percent of Mass Affluent women enjoy investing (9 percent different than men), compared to 42 percent of Millionaires (17 percent difference) and 41 percent of UHNW women (a 27 percent difference from men).

Similar percentages came from asking investors to respond positively or negatively to the statement “I like to be actively involved in the day-to-day management of my investments”. Fifty-five percent of male investors say they like to be involved day-to-day, and that percentage ranges from 47 percent of Mass Affluent men to 67 percent of UHNW men.

Only 37 percent of women say they like to be involved daily in investing, and the percentage is similar in all wealth segments: 34 percent for Mass Affluent, 40 percent for Millionaires and 43 percent for UHNW women investors.

High Net Worth men and women have similar expectations when it comes to the near future. Fifty-three percent of men and 49 percent of women say they expect their personal financial situation will be stronger one year from now than at present. Among UHNW men, that number climbs to 59 percent and among UHNW women it is at 56 percent.

Then there is the matter of risk, which is not overly appreciated by either gender, although men are more inclined to take investment risks than women. Forty-three percent of men say they are willing to take investment risks in order to earn a higher return on investments, while only 28 percent of women are. Those numbers climb to 49 percent of UHNW men and 33 percent of UHNW women.



About the Author


Kent McDill

kmcdill@spectrem.com

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.