[DOWNLOAD] ~ Saving for Retirement: The Effects of Fund Assortment Size and Investor Knowledge on Asset Allocation Strategies. " by Journal of Consumer Affairs ~ Book PDF Kindle ePub Free

eBook details
- Title: Saving for Retirement: The Effects of Fund Assortment Size and Investor Knowledge on Asset Allocation Strategies.
- Author : Journal of Consumer Affairs
- Release Date : January 22, 2008
- Genre: Marketing & Sales,Books,Business & Personal Finance,
- Pages : * pages
- Size : 306 KB
Description
We report the results of a decision simulation conducted among 211 adults whose task was to invest in a 401(k) retirement plan. We varied the number of mutual funds (three vs. twenty-one) offered for investment and assessed investing knowledge with a self-report measure. The results indicate that less knowledgeable (but not more knowledgeable) investors change their asset allocation strategies as a function of fund assortment size, such that a significantly higher proportion of dollars invested by the less knowledgeable investors is allocated to stocks when choosing from the larger assortment. **********