Men are more likely than women to check their investments regularly, a survey has found.
Two-thirds (66%) of men check their portfolios at least once per month compared with 38% of women, according to M&G Investments.
Younger investors are also more likely to check their investments often.
Two-thirds (67%) of millennial investors aged 18 to 34 check their portfolio at least once a month compared with less than half (48%) of investors aged 55 or over.
Why are women avoiding the task?
The research found women are less likely to make shorter-term decisions, with just one in six (17%) making changes to their portfolios once a month or more, compared with over a quarter (27%) of men.
Meanwhile, two-fifths (42%) of millennials make changes to their portfolios at least once per month, versus just over one in 10 (12%) of those aged 55 and above, the survey of over 2,000 people found.
Ana Cuddeford, investment director at M&G, said: “Financial Planning Week is a perfect time for investors to take stock. While you should always think long-term when investing, it is also important not to let the dust settle on your portfolio.
“Women appear to be taking a more patient approach with their investments, while men are more likely to make short-term changes.”
She cautioned that changing investments too often “can be as detrimental as letting your portfolio go stale”.
Cuddeford continued: “An annual review is a good idea to make sure your money is working as hard as possible.”