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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...
#SFTW: Investing is not a competition
SOMETHING FOR THE WEEKEND Competition. I may have mellowed over the years, but believe you me, this placid exterior masks a fiercely competitive temperament. I bang on at staff meetings about the need to keep our business ahead of the rest. I love...
Investors need to curb their competitive streak
I may have mellowed over the years, but believe you me, this placid exterior masks a fiercely competitive temperament. I bang on at staff meetings about the need to keep our business ahead of the rest. I love to see my children...
Hargreaves needs a rethink. Its business model is broken
Hargreaves Lansdown is one of the biggest success stories in Britain’s financial services industry. What started as a DIY investment supermarket is also now a robo-adviser, fund manager and pension platform, and it’s just announced plans to add peer-to-peer business lending to...
Something for the weekend
SOMETHING FOR THE WEEKEND It was meant to symbolise the renaissance of Birmingham, but less than two years after it opened, our iconic new library is in dire financial straits. Basically, the City Council is skint. As a result of cutbacks...
Is Pension-gate the next big scandal to rock the financial services industry?
One of the more regrettable aspects of the investment industry is that much of its focus is on the top 10% — and in many cases, the top 1% — of income earners. It is perhaps inevitable given that the wealthiest clients...
Investors shouldn’t need to crack the Enigma code to work out costs
It’s probably my age, but it’s as much as I can do after a hard day’s work to walk the dog, eat supper and flop in front of the TV. The thought of having to spend my evening trying to crack the...
