There is need to increase understanding of the positive aspects of individual investor behavior due to the large numbers involved, the institutionalization of the stock markets, and the failure of normative valuation models. This study is a preliminary regional investigation and comparison of...

The basic purpose of this study is to test for the existence of an investment life cycle for individual common stock investors. It is hypothesized that the life-cycle theory of investment incorporates relevant socioeconomic attributes of individual investors, which, in various combinations,...