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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AC Flyer who wrote (54296)10/16/2004 2:01:51 AM
From: energyplay  Read Replies (1) of 74559
 
Hi AC - there was a study done about five years ago by an University (UC Berkeley, I think) about the results of retail investors. They were able to get computerized, anonymous data form a large retial brokerage (likley Schwab) of a huge number of accounts - (something like 50,000 +) over a long period. As expected, the vast majority of what they called active traders (maybe 50 trades a year) did worse than any of the indexes, even in bull markets.

There was however, a fraction of the traders, about 5-15%, who were able to make about 15-25% per year average per year for 5-10 years.

The 15-25% per year is not quite hedge fund territory, but does overlap with some of the better mutual funds.

Based on what has been posted on SI, many of the posters on this thread and the energy oriented Boom Boom Room Thread (sort of the successor to Strickly Drilling) have been able to do as well or better.
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