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On the Money
4 mins to read

How retail investors update beliefs based on financial advice

ANALYSIS: The third of a three-part series on whether active or passive advice is better.

Most of the academic finance literature suggests that passive strategies dominate active strategies for many retail investors.

Brent Sheather Sun, 09 Feb 2025

Two weeks ago, in part two of this three-part series, I looked at how New Zealand financial advisors handle passive versus active investment strategies. Today I will review the paper which provoked this series, Financial Advice and Investor Beliefs. It was written by Antoinette Schoar from MIT and

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Brent Sheather Sun, 09 Feb 2025
Contact the Writer: brent@cpam.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
On the Money Brent Sheather investment passive investment active investment Financial advice financial adviser retail investors
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