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Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 25 October 2012 [View all]xchrom
(108,903 posts)18. Individual investors are destroying their wealth
http://www.marketwatch.com/story/individual-investors-are-destroying-their-wealth-2012-10-19?Link=obnetwork
***SNIP
Brad Barber of UC Davis and his colleague Terrance Odean of Berkeley examined nearly the entire body of research on how individuals invest, covering more than 40 studies. Read the report on the missteps of individual investors.
This is much more than the usual review of the literature; its a painful catalogue of how individual investors make every mistake in the book and wind up either losing money or badly trailing no-brainer index funds.
Among the various sins that investors commit and which cost them dearly are:
Trading too much, incurring big fees that more than wipe out their gains
Selling winners while clinging to losers
***SNIP
Brad Barber of UC Davis and his colleague Terrance Odean of Berkeley examined nearly the entire body of research on how individuals invest, covering more than 40 studies. Read the report on the missteps of individual investors.
This is much more than the usual review of the literature; its a painful catalogue of how individual investors make every mistake in the book and wind up either losing money or badly trailing no-brainer index funds.
Among the various sins that investors commit and which cost them dearly are:
Trading too much, incurring big fees that more than wipe out their gains
Selling winners while clinging to losers
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