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Barber, Brad M.; Odean, Terrance - In: Journal of Economic Perspectives 15 (2001) 1, pp. 41-54

Persistent link: https://www.econbiz.de/10005560813

Online Investors: Do the Slow Die First?

Barber, Brad M.; Odean, Terrance - In: Review of Financial Studies 15 (2002) 2, pp. 455-488

We analyze 1,607 investors who switched from phone-based to online trading during the 1990s. Those who switch to online trading perform well prior to going online, beating the market by more than 2% annually. After going online, they trade more actively, more speculatively, and less profitably...

Persistent link: https://www.econbiz.de/10005564018

Just How Much Do Individual Investors Lose by Trading?

Barber, Brad M.; Lee, Yi-Tsung; Liu, Yu-Jane; Odean, … - In: Review of Financial Studies 22 (2009) 2, pp. 609-632

Individual investor trading results in systematic and economically large losses. Using a complete trading history of all investors in Taiwan, we document that the aggregate portfolio of individuals suffers an annual performance penalty of 3.8 percentage points. Individual investor losses are...

Persistent link: https://www.econbiz.de/10005569846

PERFORMANCE - Too Many Cooks Spoil the Profits: Investment Club Performance - This study indicates that investment clubs underperform the market and underperform individual investo...

Barber, Brad M.; Odean, Terrance - In: Financial analysts' journal : FAJ 56 (2000) 1, pp. 17-25

Persistent link: https://www.econbiz.de/10006290570

BEHAVIORAL FINANCE - The Courage of Misguided Convictions - Two mistakes commonly made by investors -- Excessive trading and selling winners while holding losers -- Are explained b...

Barber, Brad M.; Odean, Terrance - In: Financial analysts' journal : FAJ 55 (1999) 6, pp. 41-55

Persistent link: https://www.econbiz.de/10006292187