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Your Mind Your Money

Patience Pays Off

Investors, pat yourselves on the back -- women, pat twice. After analyzing 2.7 million of its retirement accounts, Vanguard Group found that few of those investors panicked during the 2007-09 bear market, but men were 10% more likely to bail than women. That confirms previous academic findings that men trade more often than women, increasing costs and lowering returns. Also, investors between ages 45 and 54 were twice as likely to hold on to stocks as people 65 and older.