35-year-old men 'lousy' investors: Swedish study
Published: 17 Jan 12 14:47 CET | Print version
Online: http://www.thelocal.se/38554/20120117/
Stock market success is impossible to predict but according to new research, certain ‘crystal clear’ trends have been discovered.
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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.”
What do you think? Leave your comment below.
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"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.
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.
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!
The Stasi would be proud of this sort of surveillance.
So where is your big brother?
You are absolutey right! I skimmed right over that. Shame on me.
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.