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Women are financially independent but still hesitate to take investment decisions on their own without their husband or father.
Due to fear and lack of knowledge, many women feel intimidated and don't want to participate in financial planning or management.
Having a smaller portfolio for the wife helps women feel more comfortable with financial investments. With large investments, many women often feel intimidated.
Advisors need to let women know that it is okay to ask questions and that there are no stupid questions.
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