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We merge administrative information from a large German discount brokerage firm with regional data to examine if financial advisors improve portfolio performance. Our data track accounts of 32,751 randomly selected individual customers over 66 months and allow direct comparison of performance...
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Traditional finance explains individual investors' behavior and financial decision-making based on economic incentives and rationality. Modern finance, however, takes a holistic view and searches for not only economic but also biological, psychological, and social factors that shape...
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Rahmenbedingungen der privaten Kapitalanlage -- Einkommensteuerliche Grundlagen in der privaten Vermögensanlage … Anlageklassen der traditionellen Kapitalanlage -- Besteuerung von Beteiligungen (geschlossene Fonds) -- Besteuerung von Alternativen … ausgewählter Anlageklassen der traditionellen Kapitalanlage als auch eine umfassende Darstellung der steuerlichen Auswirkungen, die …
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