Are men or women better investors?
Evidence suggests each gender has strengths and weaknesses.
Number one: men tend to trade more often than women.
"There was a study done by the Vanguard Mutual Funds that actually bore that out," Financial Adviser Tommy Wood said.
Wood said that's an advantage for women.
"When you trade an awful lot it increases your commissions, a lot of the time it will increase your fees, certainly it will have tax implications," Wood said.
Number two: men tend to invest more aggressively than women.
"That can be a positive or a negative. Obviously when you get one right you end up getting a lot more benefit," Wood said.
Number three: women are more likely to look at the grand scheme of things.
"The National Investors Corporation has done a study that says all women investment clubs have done better than all men investment clubs. Just looking at the big picture, the competitive environment of the company and probably going into things a little more in depth," Wood said.
Number four: men may be more optimistic about financial markets.
"Several studies have actually born that out. That's a pretty big benefit for men on that part," Wood noted.
Wood said that's because optimism is what spurs people to invest in the first place.
"Over time if you invest in good companies, the profitability of those companies should wind up playing out to your favor," Wood said.
However, in the end there is something that carries more weight for investing success than your X or Y chromosomes.
"What really matters is your decision making. It's not which gender you wind up being," Wood said.
Educating yourself and getting help from a financial profession are a couple ways to hone in on good decision-making skills.