Time to Take a Pledge: No Stocks if You’re a Member of Congress – The New York Times
The evidence is everywhere, and someone ought to spend 15 minutes shoving it under the nose of every member of Congress who shows up in Washington for the first time. Where to start?
Extremely active investors, as Ms. Loeffler and Mr. Perdue were, might begin with the classic 2000 paper Trading Is Hazardous to Your Wealth, which used the records of over 66,000 households to show that the annual returns of people who traded the most were 6.5 percentage points lower than the overall market.
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