TY  - UNPD
A1  - Meyer, Steffen
A1  - Urban, Linda
A1  - Ahlswede, Sophie
T1  - Does feedback on personal investment success help?
T2  - SAFE working paper series ; No. 157
N2  - In a field study with more than 1.500 customers of an online-broker we test what happens when investors receive repeated feedback on their investment success in a monthly securities account report. The reports show investors’ last year’s returns, costs, their current level of risk and their portfolio diversification. We find that receiving a report results in investors trading less, diversifying more and having higher risk-adjusted returns. Results are robust to controlling for potential play money accounts and changes in report designs. We also find that investors who are less likely to subscribe equally benefit from the report.
T3  - SAFE working paper - 157 
KW  - household finance
KW  - field study
KW  - individual investors
KW  - reporting
KW  - investment mistakes
KW  - regulation
Y1  - 2016
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/42113
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-421137
UR  - https://ssrn.com/abstract=2880530
PB  - SAFE
CY  - Frankfurt am Main
ER  -