3. Beat This
About 80% of all day traders lose money. … One study found that the active investors who turned over their portfolios 258% annually made less than 12% on their money. Passive buy-and-hold investors, with only 2% portfolio turnover, had average returns about half, again, higher than the active investors.
—Paul B. Farrell, MarketWatch
[Banks Still Struggle with Data Management — Capco Survey.]
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio