If you are an investor and you are single and male, you are at a disadvantage in earning returns on your investments.

No, the market does not show any disfavor on those with this demographic classification. The market does not care who or what you are. This disadvantage comes from the emotional or psychological makeup of the average person fitting this description. Let me explain.

Studies have shown in tests that measure confidence that males tend to be more confident than females and single men more confident than single women. You may be thinking, “So what does that have to do with investing?” The simple answer is that overconfidence can and often does lead to a lower level of returns for the investor.

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