Trading Is Hazardous to Your Wealth

Barber, B. M., & Odean, T. (2000). Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Journal of Finance, 55(2), 773-806.

Type

Journal article

Intellectual base

Primary research

Year

2000

DOI

10.1111/0022-1082.00226

Link

https://doi.org/10.1111/0022-1082.00226

Cited from

psychology

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Action Bias
  • In financial trading it is the over-trading that reduces retail returns relative to buy-and-hold, because activity feels productive.

    This sourceShows that the households that trade most earn 11.4% annually versus a 17.9% market return, evidence that active trading erodes net returns relative to buy-and-hold.

Verification

This reference passed the adversarial substantiation pipeline: it was checked to exist and to support the claim it is attached to. See how references were verified.

Registry ID ref:2ce78bef711c · see in the full table