• Sweden edition
 
35-year-old men 'lousy' investors: Swedish study

35-year-old men 'lousy' investors: Swedish study

Published: 17 Jan 2012 14:47 GMT+01:00
Updated: 17 Jan 2012 14:47 GMT+01:00

If you think the typical image of a stock-market sensation is a man in his mid-thirties who invests nearly everything into his shares, then you might be in for a shock.

In fact, statistically speaking, the investor who is least likely to succeed is a 35-year-old man who is entirely invested in stocks, ccording to a new report from the Swedish Institute for Financial Research (Institutet för finansforskning).

The report, authored by Anders Anderson, was based on a survey of 11,000 people from 1999 to 2002. More recent information is unavailable due to bank secrecy.

The results also show that the investor who enjoys the greatest financial success on the markets is typically a man aged 43, with investment capital totaling 2.6 million kronor ($375,723).

Other indicators associated with investment success include the possession of a university education and portfolios with higher diversification.

In addition, women appeared more regularly in the groups of most successful investors than in those that suffered investment losses.

Although the world of investment has changed since 2002, thanks to the stock market crash and the spread of computerized trading, Anderson argues that punters’ psychological confidence remains the same.

He believes that those with the greatest confidence in their abilities don’t understand this themselves.

”I think that most are unaware of this. It’s difficult to save money and buy stocks. And it’s hard to get good feedback on your own share transactions,” Anderson told Sveriges Radio (SR).

“It’s clear that many people in this survey should adopt a more passive approach to the stock market.”

Oliver Gee (oliver.gee@thelocal.se)

Don't miss...X
Left Right

Your comments about this article

15:27 January 17, 2012 by skogsbo
at least it's all very relevant today, a 3 year window, 12 years ago. Doesn't that mean that those 30 year olds are now in the 43yrs+ catergory and are best investors? Any research is only as credible and current as the data, which this one only shows what the situation was 12years ago.

"It's hard to get good feedback on your own transactions?" if you gain that's good, if you keep losing it's bad. Feedback is generally pretty obvious, you either do better than the average trend or worse.
06:03 January 18, 2012 by skatty
The expectation of market economy is that everybody becomes a stockbroker, and the whole world becomes the stock market!

The man with the age of 35 0f 45 or 12, people should start to by stock from the age of 7, why not and become stockbroker by the age of 9!

The world is moving toward the deep stupidity.
09:40 January 18, 2012 by star10
It is stupid for any individual to believe that he/she is smart enough to outsmart the stock market participants. So the best strategy is just to diversify your portifolio.
09:56 January 18, 2012 by skogsbo
these days the smartest (allegedly) market participants are computers, they do massive calculations every second, which make black scholes look like dagis level stuff, they trade big sums automatically, often for just a few seconds or even less, making very small margins, but with huge sums of money. Doing this thousands of times per day.

They have manual over-ride but this doesn't always act quick enough and there supposedly have been cases of computers selling out to quickly when the market slumps, almost panic selling!
15:15 January 18, 2012 by Roy E
How could such a report be compiled unless Big Brother has you microscope?

The Stasi would be proud of this sort of surveillance.
16:43 January 18, 2012 by skogsbo
roy e, I think you need to read the article before commenting. It was based on a survey, so the data is only a good as the answers to question asked. Secondly the article also states that up to date information is not available due to banking secrecy.

So where is your big brother?
17:59 January 18, 2012 by Roy E
@skogsbo

You are absolutey right! I skimmed right over that. Shame on me.
19:39 January 18, 2012 by bjorkon
But of course the data is all there what with your personnummer and all. The data must enable some really interesting studies to be conducted - for example, your medical records might show that being on a certain drug might make you better at investing (link personnummer here with personnummer there ..), and that people born in 1964 are most likely to pay their taxes on a tuesday.
20:29 January 18, 2012 by skogsbo
bjork, unless you have access to their trading accounts, you won't know what they made or lost. What you pay in tax, won't directly reflect someones ability. It depends on what type of trading they do, which country their accounts or they do their trading are in, or if they have other Swedish income to declare on top.

I would imagine the usual survey to see if you are an actvist, reflector, pragmatist and theorist will show more about the way you trade.
19:32 January 21, 2012 by Just_Kidding
Is it the same age that many 35 years old guys get marry a woman?
Today's headlines
Sweden's highest peak to lose title next year
The view of Kebnekaise's southern peak, soon to be the second highest peak in the country. Photo: Stockholm University

Sweden's highest peak to lose title next year

Mount Kebnekaise's southern peak will no longer be the highest point in Sweden by 2015, researchers predicted on Thursday, adding that the change will spell a major blow for tourism in the region. READ  

Gothenburg preschools end school photography
Moments like these are a thing of the past for Gothenburg preschoolers. Photo: Jonas Ekströmer/TT

Gothenburg preschools end school photography

Preschool managers in Gothenburg have decided to ban class photos at preschools in their municipality, citing the different economical situations of families as one reason for the change. READ  

Presented by Stockholm Business Region
Introducing… Insurance in Stockholm
This is Stockholm. Don’t worry - be happy. File photo: ASIFE/iStockphoto

Introducing… Insurance in Stockholm

Many consider Sweden a pretty safe place to live, but what if an icicle pierces your little toe or a ray of midnight sun sets fire to your kettle? Don’t worry, we’ve got you covered when it comes to sorting out insurance in Sweden. READ  

Brit's life in Sweden becomes BBC radio show
The cast of The Cold Swedish Winter.

Brit's life in Sweden becomes BBC radio show

The Local chats to UK funnyman Danny Robins about his new radio show The Cold Swedish Winter, which is making waves on BBC radio. He talks elk, moose, and what it means to be a Swedophile. READ  

Allergic Swedes demand separate metro carriages
Peanut photo Shutterstock

Allergic Swedes demand separate metro carriages

A Swedish allergies association has asked Stockholm public transport officials to set aside certain carriages on the metro for those with allergies - banning nuts, animals, and strong fragrances in transit. READ  

Most Swiss want Sweden to be next door
Flag photo: Shutterstock

Most Swiss want Sweden to be next door

Who said there were hard feelings between the oft-confused Swiss and Swedes? A new survey shows that Swiss people would rather have the land of Abba as their neighbour over anyone else in the EU. READ  

What's On in Sweden
Photo: TT

What's On in Sweden

Plenty of events around Sweden to get your teeth into this weekend, with Sunday capped off with a free visual-music concert in central Stockholm. READ  

Elections 2014
Red-greens stay way ahead of Alliance in polls
The Allliance party leaders. Photo: Mats Andersson/TT

Red-greens stay way ahead of Alliance in polls

While the gap between the red-greens and the Alliance is decreasing, the opposition is still far ahead, scoring 48.8 percent of support in a fresh poll. The Alliance came in at 37.7 percent. READ  

Malmö end 14-year Champions League wait
Striker Magnus Eriksson sprints onto the pitch at the end of Malmö's 3-0 win over Salzburg in a Champions League qualifier. Photo: Björn Lindgren/TT

Malmö end 14-year Champions League wait

Malmö overpowered Salzburg on Wednesday night to become the first Swedish team to reach the Champions League since 2000. READ  

Swedish royals boycott Chuck Berry's ceremony
Queen Silvia. Photo: Henrik Montgomery/TT

Swedish royals boycott Chuck Berry's ceremony

Members of Sweden's royal family have revealed that they boycotted the Polar Music Prize ceremony on Tuesday, due to Chuck Berry's past conviction for human trafficking. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Gallery
People-watching August 27
Gallery
Top ten false friends in Swedish
National
Roma advocate scoops Wallenberg prize
Society
Meet the man who made a Swedish store recall its high heels for kids
Business & Money
'How I came to run my own business in Sweden'
Blog updates

25 August

Hit och dit, här och där (The Swedish Teacher) »

" Hej igen! A common challenge for Swedish language students are the location adverbs hit/här, dit/där, hem/hemma etc. Some of the location adverbs come in two versions. We should use one type of location adverb when we use a verb describes where we are, and we should use the other type of location adverb when we the verb..." READ »

 

25 August

The Dollar Store (Blogweiser) »

"A dollar store in Sweden. Blog post: http://t.co/tNuuvcP1q0 #USD #greenbacks #sweden #sverige pic.twitter.com/RHFAYf7U1k — Joel Sherwood (@joeldsherwood) August 23, 2014 There’s a chain here in Sweden called The DollarStore. This name always stood out to me in a country where they don’t use dollars. I went there for the first time this weekend. They actually accepted greenbacks..." READ »

 
 
 
Politics
Expert explains why Sweden's election oozes uncertainty
National
City plays Schindler's List theme at Nazi rally
Society
For Stockholm Fashion Week, here's the A-Z of Swedish fashion
National
'Amnesiac' man avoids deportation for ten years
Gallery
Princess Estelle through the years
Business & Money
Swedish city all set for six-hour workday trial
Business & Money
Five golden rules for the Swedish job hunt
Sponsored Article
Graduates: Insure your income in Sweden with AEA
Gallery
People-watching August 22-24
National
Armed royal guards caught (very) drunk on the job
National
Sweden orders textbook on Roma discrimination
Gallery
Violent anti-Nazi demonstrations in Malmö
Society
A closer look at Sweden's five official minority languages
Gallery
See the destruction from the southern Sweden floods
Politics
'Sweden Democrats hold the key to elections'
Society
Swedes celebrate first day of smelly fish season
Politics
Sweden elections: How do they work?
Finest.se
Gallery
People-watching August 20th
Society
Did you know the Bronx in NYC was named after a Swede?
Sponsored Article
Find out what gives this Swedish school executive appeal
Sponsored Article
Introducing...Your finances in Stockholm
Sponsored Article
Introducing...Housing in Stockholm
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

702
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
http://psdmedia.se