Professional vs. Non-Professional Investors: A Comparative study into the usage of Investment Tools
GSTF Journal on Business Review
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Title |
Professional vs. Non-Professional Investors: A Comparative study into the usage of Investment Tools
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Creator |
Cohen, Gil
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Subject |
—
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Description |
Investors use varies tools in the investment process.Some use technical or fundamental analysis, or both inthat process. The difference between those investmentstools have been well documented in the financialliterature. However, little have been written about thedifference investment behaviour between professionaland non-professional investors. The aim of thefollowing survey research is to examine differencesbetween professional portfolio managers to nonprofessionalinvestors in their approach towardstechnical and fundamental analysis. We used onlinesurvey in one of the leading business portals in additionto asking professional investors in a leading investmenthouse in Israel. The results show no significantdifference between professional and non-professionalinvestors in terms of how frequently they usefundamental and technical investment tools. Bothgroups of investors use more frequently fundamentaltools than technical when they make buy/sell decisions.Non- professional investors use more fundamental toolssuch as "analysts' recommendations" when they buystocks and more technical tools such as "support andresistance lines" when they sell stocks. Moreover, whileolder investors prefer fundamental tools when they buyand sell stocks, younger investors prefer to usetechnical tools over fundamentals. This importantresult might indicate that younger investor less believein a long time consuming fundamentals analysis thantheir older colleagues and they rather use a more quickmethod that does not demand an extensive effort andknowledge.
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Publisher |
GSTF Journal on Business Review (GBR)
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Contributor |
—
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Date |
2012-10-01
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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Format |
application/pdf
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Identifier |
http://dl6.globalstf.org/index.php/gbr/article/view/1227
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Source |
GSTF Journal on Business Review (GBR); Vol 2, No 2 (2012): Journal on Business Review (GBR)
ISSN: 2251-2888 2010-4804 |
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Language |
eng
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Relation |
http://dl6.globalstf.org/index.php/gbr/article/view/1227/1243
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Rights |
Copyright (c) 2017 GSTF Journal on Business Review (GBR)
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