Men over 45 more likely to sell when markets tumble

Men over the age of 45 are more likely to panic when there is a market downturn and sell off their stocks, according to new research from MIT. The study analyzed more than 600,000 brokerage accounts. The researchers defined a panic sale as a drop of 90% of a household account’s equities over a one-month period, in which 50% or more of the decline is due to trades. The study also found that individuals with less than $20,000 in their portfolios tend to sell off equities more frequently.

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