Manage your money like a man
Men and women face different challenges when it comes to earning, saving and investing. Here are 13 strategies men can follow to overcome the gender obstacles to financial success.
Investing: Curb your impulses
It's hard for most investors to quell a panicked desire to sell when the market drops. But it seems especially hard for men. A Vanguard study of 2.7 million IRA investors has found that men were 10% more likely than women to cash out of stocks during the 2008 market meltdown, making it likely that many missed out on the sizzling stock rally that followed.
How do you keep your head when everyone else is losing theirs? Impose a cooling-off period: Make it a rule not to trade while the market is open, avoid watching hyperbolic market commentators, "and never read your account statements near your PC," says McPherson, who tells male clients to switch back to paper so they break the daily market-check habit.
NEXT: Investing: Set some limits
Last updated November 05 2010: 9:00 AM ET
