Despite being as optimistic as men about market performance in2010, women continue to lag in confidence about their owninvestments. A recent online survey from MassMutual shows that lessthan one-quarter of women are confident about making their owninvestment decisions, compared to over 47 percent of men. Thesurvey asked over 1,000 retirement plan participants between Nov.15, 2009 and Jan. 15, 2010 about their attitudes toward investing.Over 75 percent of respondents said they thought the market wouldimprove in the next year.

The survey suggests the difference in attitudes between men andwomen may lie in how much participants like investing in general. Overall, nearly 71 percent ofparticipants said they enjoy learning about investments. However, over three-quarters of mensaid they enjoyed learning, compared with just 63 percent of women,and more men enjoy managing their investments than women (61.5percent vs. 48.1 percent). And, women are more likely to rushthrough investment decisions. Over 39 percent say they spend aslittle time as possible on investment decisions, compared with 28percent of men.

It seems the lack of confidence among women investors persistsdespite them being more likely than men to work with an advisor.Nearly 12 percent of women said they already work with a financialadvisor, compared with 9.6 percent of men. Overall, though, men andwomen prefer to get retirementplanning information from their plan providers or financialadvisors.

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