Calming the Ever Skittish Investors…

February 2000
Journal of Financial Planning;Feb2000, Vol. 13 Issue 2, p21
Academic Journal
This article highlights the results of the 1999 Quantitative Analysis of Investor Behavior conducted by DALBAR. The study found that investors who bought and held stock mutual funds over the past 15 years ending in December 1998 earned an annual average return of 17.9 percent, versus 7.25 percent for investors holding the funds an average of 2.8 years. DALBAR based the 2.8 years from fund inflows and outflows. In 1998, the average investor has held on to a given fund for three years. Also, redemption rates remained steady through the market volatility of 1998 and 1999.


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