Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
885526 | Journal of Economic Psychology | 2008 | 18 Pages |
Abstract
Most defined contribution pension plan members misunderstand asset allocation, but those with higher levels of wealth managing their own money are less likely to be confused. Younger, more-educated, higher-earning advice-receiving males with a planner mindset hold more equity. Notably, an understanding of asset allocation accentuates the impact of the key factors age, income and a planner mindset.
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Authors
Gokul Bhandari, Richard Deaves,