International Women's Day seems like a good day to point out this interesting fact.
According to financial services giant Fidelity Investments, women are indeed better at investing than men. Fidelity have facts to prove this.
Fidelity did some research and after looking through eight million investment accounts it was found that women's investments earn 0.4% more each year on average, women also save more each year as well.
Of course, 0.4% doesn't sound like much but if you look at that difference compounded over decades it can turn into tens, if not hundreds, of thousands of dollars better off.
So, what are the main reasons that women came out on top?
The first thing that Fidelity said was that men were 35% more likely to make more trades, meaning that brokerage eats away at the portfolio.
Another point was that women didn't invest into shares as speculatively as men do. The higher the risk the bigger chance it can go wrong.
I think it also fits into the narrative that a lot of share-picking individuals, including professionals, are not able to beat the index. Yet, a lot of investors do seem to think that they can beat the index.
I wouldn't be surprised if women are better because they're, on average, a lot more likely to be happy with the average share market's return thereby beating a lot of other investors.
To me, this is a wonderful mindset to have because the share market has made many people multi-millionaires over the years just by investing in a broad index and holding for the long-term.
It's so easy to invest for the long-term when there are a multitude of excellent exchange-traded funds on the ASX.
iShares S&P 500 ETF (ASX: IVV) gives exposure to some of the biggest and best businesses in America, this ETF is approved by Warren Buffett.
Vanguard MSCI Index International Shares ETF (ASX: VGS) gives exposure to over a thousand of the biggest businesses across the world in Asia, the USA, Europe and Canada.
BETANASDAQ ETF UNITS (ASX: NDQ) gives exposure to the top technology companies in the world like Alphabet (Google) and Facebook.
Foolish takeaway
Of course, there are lots of people that do beat the market. They should be applauded for that. But just matching the market's returns will create wonderful wealth for most people.