The Grass is Always Browner…

February 1998
Journal of Financial Planning;Feb1998, Vol. 11 Issue 1, p18
Academic Journal
This article reports on the study conducted by Terrance Odean of the University of California at Davis, about replacement stocks. The author found in a study of 10,000 trading accounts at a large brokerage firm that, on average, investors who sold stocks and then replaced them were worse off than if they had kept the ones they sold. Odean attributed part of the cause to trading costs.


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