Vast Value Added (440 bps)
It has been well documented that investors, driven by fear or greed, often react to capital market gyrations by making investment decisions that undermine long-term investment performance. Goals-based wealth management can help combat this tendency by shifting the investor’s focus from short-term performance to meaningful long-term goals.
Peak Performance (37%)
Whereas behavioral finance has focused on cognitive biases, little attention has been paid to personality characteristics and differences among individual market participants. Therefore, this study systematically explores the role of personality in the performance of professional traders in the real-life setting of the currency market.