FYI: Have investors finally started to get their hyperactivity under control?
According to the New York Stock Exchange, annualized turnover—the rate at which stocks are bought and sold—is down to 63% from a high of 110% in 2010. With a 100% annual turnover rate equal to a holding period of one year, a 63% rate implies that investors are holding the average NYSE stock for 19 months at a time, up from an average of 11 months five years ago. Meanwhile, the investment-research firm Morningstar calculates that portfolio turnover at U.S. stock mutual funds is down to 66% from 75% in 2010
Regards,
Ted
http://blogs.wsj.com/moneybeat/2015/04/10/why-hair-trigger-stock-traders-lose-the-race/tab/print/
