We match administrative panel data on portfolio choices with survey measures of financial literacy. (academicinsightsoninvesting.com)
This brings us back to the points I made at the end of the previous post: taxes and transaction costs are very important when making portfolio choices. (allfinancialmatters.com)
A large body of evidence suggests that investors diversify their portfolio holdings much less than is recommended by normative models of portfolio choice. (greenbackd.com)