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Investor demographics: how wealth, age and gender affect decisions

      By LARRY SWEDROE   To determine whether investor demographics provide information as to the holdings of their portfolios, Sebastien Betermier, Laurent Calvet, Samuli Knüpfer and Jens Kvaerner, authors of the February 2022 study What Do the Portfolios of Individual Investors Reveal About the Cross-Section of Equity Returns?, examined the stockholdings of 365,000...

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Three things that stop us talking about money worries

    Money worries are one of the biggest causes of stress in our lives, and they affect people of all ages and income levels. The best way to start addressing those worries is to talk about them, but of course many people...

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Actively managed UCITs are effectively priced to fail, study shows

  Robin writes: There’s nothing wrong with active fund management in principle; the problem is, it’s just too expensive, as Larry Swedroe’s latest article explains. Four Dutch researchers analysed the performance of more than a thousand Luxembourg- and Ireland-based equity and fixed-income UCITs...

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Worried about inflation? Here are two magic numbers

    Economic commentators are increasingly worried about inflation. In the UK, for example, inflation hit 10.1% in the 12 months to July, up from 9.4% in June, according to the Office for National Statistics. That means consumer prices are rising considerably faster...

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Investor sentiment and mutual fund stock picking

    By LARRY SWEDROE   Research, beginning with the 2006 study Investor Sentiment and the Cross-Section of Stock Returns by Malcolm Baker and Jeffrey Wurgler, has found that investor sentiment — the general mood investors exhibit toward a particular market or asset—can...

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Do any investors benefit from active management in the long run?

    By ROBIN POWELL   I spoke at a conference recently and referred in my presentation to a study on active fund performance. It sounds a bit of a mouthful — New Evidence on Mutual Fund Performance; A Comparison of Alternative Bootstrap...

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Meir Statman: My advice to young people on risk

    By ROBIN POWELL   Cryptocurrencies crashed spectacularly earlier this year, but prices are slowly creeping up again. And, according to the Financial Times, “big-name asset managers are stampeding into digital assets (and) finding new ways to monetise investor interest.” BlackRock, Charles...

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