cheers, t
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Date: Fri, 8 Oct 1999 10:24:23 -0400 To: Digital Bearer Settlement List <dbs at philodox.com>,
dcsb at ai.mit.edu From: Robert Hettinga <rah at shipwright.com> Subject: Ease of Online Trading Kills Profits (was Re: Netsurfer Digest:
Vol. 05, #31)
At 12:10 AM -0400 on 10/8/99, editor-bounce at netsurf.com wrote:
> Ease of Online Trading Kills Profits
>
> The Motley Fool has an article that cites several studies in
>comparing the investment performance of knowledgeable investors who
>engaged in online trading with those who did it the old-fashioned
>way, via the telephone. Surprisingly, the very ease of online
>trading tends to suck up trading profits. Those who switched from
>phone-based to online trading went from outperforming the market by
>2.4% per year after expenses to underperforming the market by 3.5%
>per year. This article, with links to the cited studies, should be
>required reading for all online traders.
>
><http://www.fool.com/news/1999/foth990922.htm>
----------------- Robert A. Hettinga <mailto: rah at ibuc.com> The Internet Bearer Underwriting Corporation <http://www.ibuc.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
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