You Don’t Have to Sell Stocks Now

If individual investors keep their cool as coronavirus fears continue to pummel stocks, they “might even get to buy bargains as the big money bails out,” writes columnist Jason Zweig in a recent Wall Street Journal article. Professional investors tend to move quickly when the market turns to avoid the ire of clients, Zweig explains, which can lead them to “chase the market trend too far and too long.” However, a 2002 study found that… Read More

Individual Investors May Not Be “Dumb Money” After All

In a recent article for The Wall Street Journal, columnist Jason Zweig writes, “Bit by bit, the myth of the ‘dumb money’ is dying.” Although Wall Street has long characterized individual investors as being “ill-informed, fickle and hapless” and therefore in need of fee-based advice, Zweig argues that the claim is “nonsense” and that “new evidence of its foolishness is piling up fast.” He cites a recent study of Vanguard Group clients that shows them… Read More