I think it's absolutely possible that on average women make more from investments than men.

Evolutionary psychology would predict that women on average would take the safest investments. And just putting your money in an index fund and not fucking with it for decades has been basically both the safest, and the best on-average investment most people can make.

Many men in contrast will want to gamble. They'll want to gamble even if their average return is lower, because the potential for great return is only there if you gamble. Men are much more likely to play a high variance game for life in general. This especially shows up more when men are younger, manifesting in the 18-30 group. For example, there were plenty of male crypto millionaires in this age group, while way more NFT and pump-and-dump victims. Women don't gamble their money on this kind of stuff at the same rate men do.

So, just as men make up the majority of the homeless, they will make up the majority of investment losers, but they will also make up the vast majority of successful startup CEOs and longshot investment winners. On average, men can do worse, but still almost all the top investors will be men.

This is only counterintuitive because the loser men are invisible. Which is just the way the world works.

The difference between younger and older investors can be explained entirely in stock/bond investment splits. Almost anyone who invests through a financial advisor, or through vanguard funds, will have the majority invested in stocks when younger (higher variance but higher avg return) while invested in bonds when older (lower variance but lower avg return)

I think it's absolutely possible that on average women make more from investments than men.

Evolutionary psychology would predict that women on average would take the safest investments. And just putting your money in an index fund and not fucking with it for decades has been basically both the safest, and the best on-average investment most people can make.

Many men in contrast will want to gamble. They'll want to gamble even if their average return is lower, because the potential for great return is only there if you gamble. Men are much more likely to play a high variance game for life in general.

So, just as men make up the majority of the homeless, they will make up the majority of investment losers, but they will also make up the vast majority of successful startup CEOs and longshot investment winners. On average, men can do worse, but still almost all the top investors will be men.

This is only counterintuitive because the loser men are invisible. Which is just the way the world works.

The difference between younger and older investors can be explained entirely in stock/bond investment splits. Almost anyone who invests through a financial advisor, or through vanguard funds, will have the majority invested in stocks when younger (higher variance but higher avg return) while invested in bonds when older (lower variance but lower avg return)