Economics, Econometrics and Finance
6 years ago

Early bird investors in Australia outperform late bird counterparts, study finds.

International Journal of Managerial Finance
The early bird and the late bird: which catches more worms in Australia?
Nirodha Jayawardena, Akihiro Omura, Bin Li

Paper Summary

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The study looked at the best time to buy and sell stocks in Australia. They divided the trading day into 30-minute blocks and found that buying in the morning and selling at the end of the day gave the highest returns compared to other strategies. This simple strategy can be easily used by investors, including individuals, to make more money in the stock market.