Investors suffering information overload
Investors, including Self-Managed Superannuation Fund (SMSF) trustees are losing sight of the need to take a long view on investment due to information overload driven by proliferation of digital technotechnology, according to AMP chief economist, Shane Oliver.
Oliver told the SMSF Association national conference in Melbourne that it was questionable whether the proliferation of technology and the resultant rapid flow of diverse information was actually helping investors and might, in fact, be hindering them due to information overload.
He pointed to the historical performance of share markets both in the US and Australia since 1900 and said that despite the huge increase in information being received by investors there was not perceptible change in market volatility.
Oliver said this might be indicative of the fact that the increased levels of information had resulted in investors being influenced away from making longer-term investment decisions.
He said one of the important roles for advisers dealing with clients in this era of faster and more diverse information was to educate them about how its could be most appropriately used.
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