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Sunny Days, Genetic Investing, & More |
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There is more evidence that investors rely on their moods when making decisions. A recent study by John Shon of Fordham University and Ping Zhou of Baruch College found that investors reacted better to earnings announcements on sunny days in New York City. At the same time, reaction was worse on days when it rained or snowed in New York.
Companies that announced positive earnings surprises did better on sunny days, while those who announced negative surprises did not do as bad as those who announced at other times.
"Investors who spark these reactions are, truly, high on the weather," Shon said.
Genes help
Genes may also play a big role in how people invest according to a study of the investment behavior of twins vs. the general population. Genetics may account for one-third to 45 percent person’s investing behavior, found researchers at the University of Washington and Claremont McKenna College. Genes explained behavior in the study better than did age, gender, education, wealth, or home ownership.
Social Security is vital
Social Security benefits are still the biggest source of retirement income for the elderly, says the Social Security Administration. Some 87 percent of the elderly get them, vs. 52 percent getting investment income and 41 percent with pensions.
©OSB Financial Services, INC
©2009, Kelly Ruggles Web site
Kelly C. Ruggles is a fee-based financial planner located in Spokane.
Kelly C. Ruggles, President of American Reliance Group, Inc., a registered investment advisor.
Kelly Ruggles is the author of "The Financial Playbook" for Retirement
Kelly C. Ruggles does not intend to provide personalized investment advice through this publication and does not represent the strategies or services discussed are suitable for any investor. Investors should consult with their financial advisors prior to making any investment decisions
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