Investors trading stocks with assistance of financial advisers are more diversified and overcome some common pitfalls, a new working paper from European researchers found. But they are worse off overall than investors who trade independently, because their stock purchases underperform, the study says. The findings suggest advisers “do not help investors make superior stock purchases,”…
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The next time you sit down to read the business section of the paper or watch one of the business shows consider this – “The more people believed they knew about finances in general, the more likely they were to overclaim knowledge of the fictitious financial terms. The same pattern emerged for other domains, including…
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I got bounced the snippet below by a punter who had taken it from The Reformed Broker This particular punter has a penchant for anything that indicates that the market might be about to have a correction of any sort. As such they are drawn to this sort of analysis. The drivel about trailing PE’s…
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I have mentioned this study briefly before but this is nice long form piece. This idea—that Wall Street takes in ambitious, hardworking young people and corrupts them—is the premise of a recent study, “Business Culture and Dishonesty in the Banking Industry,” by three economists at the University of Zurich. The researchers recruited 128 employees from…
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The inability of those employed by banks and other financial institutions to behave morally and ethically has over recent times has become interesting research fodder for those who look at human behaviour. One of the most interesting recent forays into the field of behavioural finance has come from The University of Zurich. Economists Michel Maréchal, Alain Cohn…
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Forex Magnates have done an excellent job collating the losses incurred by various firms during the recent upheaval in the CHF
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There is an excellent piece by Fairfax media doing the rounds this weekend that looks at the problems Macquarie Bank seems to have complying with the law and the difficulties its financial planning division has in acting honestly. The thrust of the story is that Macquarie has been the subject of an enforceable undertaking due to…
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I actually saw this article the other day whilst having breakfast after training. The opening point so caught my eye that I had to find the original source article and see if it was correct – my looking over someones shoulder guess was that is was not. The article begins with a somewhat staggering claim…
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