NBER Study on Financial Advisors-Updated

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NBER Study on Financial Advisors-Updated

Postby lloydbraun » Fri Dec 28, 2012 11:54 pm

A few minutes ago I copied and pasted part of an article but violated the forum's policy with regard to copyright (I need to make sure to read more carefully!) so I deleted and am providing a link here for those of you who are interested:

http://www.nber.org/papers/w17929

Some of the paper's main findings are that most fee based financial advisors try to point investors towards active managed funds, not passively managed funds, and that many are anti-index fund and engage in performance chasing. There's a lot more in this paper but these are some of the highlights.
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Re: NBER Study on Financial Advisors-Updated

Postby pkcrafter » Sat Dec 29, 2012 12:35 am

When times are good, investors tend to forget about risk and focus on opportunity. When times are bad, investors tend to forget about opportunity and focus on risk.
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Re: NBER Study on Financial Advisors-Updated

Postby lloydbraun » Sat Dec 29, 2012 12:48 am

Awesome, thanks for doing that!
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