Effect of Age on Investment Decisions

Shruti Maheshwari; Dr. Manish Mittal

Effect of Age on Investment Decisions

December 2017

Vol-3, Issue-6

Paper ID: 7147

ISSN: 2395-4396

Downloads: 0

Abstract & Details

Research Area

Management (Finance)

Keywords

investment objective age investment horizon chi square test

Abstract

There are different views with reference to age as an influential demographic factor in decision making. Some studies claimed age is just a number and does not represent any constraint or limitation. On the contrary some studies proof that cognitive abilities of an individual declines as he age. The present study is an attempt to analyze the impact of this crucial demographic variable on investment decision making of the individual investors. Five investment characteristics are being included namely investment objective, time horizon, selection parameter, comparison benchmark and portfolio revision. Data is collected from respondents all over India. Chi square test and fisher exact test is been used to analyze the data. The study concludes that age does have an impact over financial decisions of investors. The reported variations in investment preference may be due to varying cognitive abilities or the difference in need and priorities of individuals at different stage of life.

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Author Information

#	Name	Institute / Affiliation
1	Shruti Maheshwari	Banasthali Vidhyapith
2	Dr. Manish Mittal	Acropolis Faculty of Management and Research

How to Cite

Use the following formats to cite this article in your research.

APA Style

Maheshwari, Shruti & Mittal, Dr. Manish (2017). Effect of Age on Investment Decisions. International Journal of Advance Research and Innovative Ideas In Education, 3(6), 1445-1454.

MLA Style

Maheshwari, Shruti, and Dr. Manish Mittal. "Effect of Age on Investment Decisions." International Journal of Advance Research and Innovative Ideas In Education, vol. 3, no. 6, 2017, pp. 1445-1454.

IEEE Style

Shruti Maheshwari and Dr. Manish Mittal, "Effect of Age on Investment Decisions," International Journal of Advance Research and Innovative Ideas In Education, vol. 3, no. 6, pp. 1445-1454, 2017.

Vancouver Style

Maheshwari Shruti, Mittal Dr. Manish. Effect of Age on Investment Decisions. International Journal of Advance Research and Innovative Ideas In Education. 2017;3(6):1445-1454.

Harvard Style

Maheshwari, Shruti & Mittal, Dr. Manish (2017) 'Effect of Age on Investment Decisions', International Journal of Advance Research and Innovative Ideas In Education, 3(6), pp. 1445-1454.

Chicago Style

Maheshwari, Shruti and Dr. Manish Mittal. "Effect of Age on Investment Decisions." International Journal of Advance Research and Innovative Ideas In Education 3, no. 6 (2017): 1445-1454.

Turabian Style

Maheshwari, Shruti and Dr. Manish Mittal. "Effect of Age on Investment Decisions." International Journal of Advance Research and Innovative Ideas In Education 3, no. 6 (2017): 1445-1454.