Research indicates that investors who closely monitor their portfolios and trade quickly in response to minor fluctuations in price
A) outperform those who hold investments for the long-term and trade infrequently.
B) underperform those who hold investments for the long-term and trade infrequently.
C) earn rates of return similar to those who hold investments for the long-term and trade infrequently.
D) be more highly educated and in higher income brackets than those who hold investments for the long term and trade infrequently.
Answer: B
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