Airline bumping; stocks; computers
The number of ticketed airline passengers bumped off their flight is increasing this year, according to federal transportation department data. About 10,000 passengers were kept off flights during the first quarter of the year because the seats were oversold, compared to 8,700 a year earlier.
The amount of mishandled luggage is also creeping upwards, to an average of 3.67 lost bags per 1,000 passengers in May. Alaska Airlines was the least likely to lose luggage; Atlantic Southeast Airlines was the most likely.
Trying to buy when stocks are hotand sell when they're notis a losing strategy, confirms a study by Dalbar. Instead of holding on to their investments, most investorsmotivated by fear and greedpour money into the funds on market upswings, and pull it out in downturns.
According to the study, the average investor held shares in equity funds for a little over two yearsand earned only 2.6 percent a year over the past 19 years. This is nearly 10 percentage points less than the S&P 500 index, which earned 12.2 percent for each year since 1984. It also compares poorly to an annual inflation rate of 3.1 percent, says the financial market research firm.
Yvonne Wollenberg. Online UPDATES.
Sep. 5, 2003;80.