Beware: This Strategy Could Cause You To Lose Your Shirt.
The World’s Most Expensive Hobby (Part 2)
- Investing is all about finding a balance that works for the long run.
- Loss aversion can lead to underinvestment, but overconfidence can lead to concentrated bets, and as we’ll explore in this post, overtrading.
- According to the research of Barber and Odean, overtrading can cost investors about 7% a year in returns on average. Yikes!
Continue reading → Beware: This Strategy Could Cause You To Lose Your Shirt.