RT Journal Article
SR Electronic
T1 Do Individual Investors Successfully Time the Market?
JF The Journal of Investing
FD Institutional Investor Journals
SP joi.2020.1.122
DO 10.3905/joi.2020.1.122
A1 Javier Rodríguez
YR 2020
UL https://pm-research.com/content/early/2020/03/03/joi.2020.1.122.abstract
AB In this study, I examine the market timing ability of individual investors in the US The analysis is based on data gathered by the American Association of Individual Investors asset allocation survey during a period that spans more than 30 years. Individual investors correctly time the market during the full sample period and during sub-periods based on different market conditions.TOPIC: Style investingKey Findings• Self-directed investors outperform investors that relay on professional financial advisors.• A sample of individual investors show good market timing skill during a 30-year period.• Timing ability is positive during bear and bull market conditions.