The Papers that Changed Investing: Trading is Hazardous to Your Wealth

It's the late 90's. The internet is transforming everything, including how American's invest. Discount brokerages are on TV promising ordinary people they can trade like the pros. Suddenly you don't need a stock broker. You can buy and sell from your living room.

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DISCLOSURES:

This material is intended for informational purposes only and is not a solicitation, offer, or recommendation to buy or sell any securities or investment programs.

Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. References to academic studies are provided for educational purposes and may not reflect current market conditions. Assumptions include trading costs, taxes, and other frictions materially impact net returns. Individual circumstances vary, and readers should consult a qualified financial professional before making investment decisions. This video may include content generated or enhanced using artificial intelligence (AI).

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