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Household Finance and  Private Retirement Provision:  A Marketing Finance perspective Piet Eichholtz Maastricht University
Marketing-Finance in Maastricht  The Finance perspective ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Alex platform provides unique perspective on private investment decisions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Related literature regarding private investor behavior and performance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Average Investor Performance Raw monthly returns and alphas ,[object Object],[object Object],[object Object]
Investor sentiment and market timing Investors keep speculating on further market fall after recovery
Motivations for trading options (1) Type of position: put/call, own/write, covered/naked
Motivations for trading options (2) Selected results from online client survey ,[object Object],[object Object],[object Object],[object Object],[object Object]
Performance Persistence (1) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Performance Persistence (2) Against hypothetical index fund and mutual fund
Performance Persistence (3) Decile performances and rank ordering
Performance Persistence (4) Investor characteristics
Conclusions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Implications for private retirement provision ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Two ways out I. Steering people towards passive strategies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Two ways out II. Life cycle and complementary portfolios ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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"Household Finance and Private Retirement Provision: A Marketing Finance perspective" - Prof. Dr. Piet M.A. Eichholtz