Is it where you live, or how much you make and what you know? A look at the Geography of Mutual Fund Investing

This one should come as no surprise, but it is interesting none-the-less. Malloy and Zhu have a working paper that "provide[s] evidence that individual investors located in less affluent, less educated, and ethnic minority neighborhoods invest more in mutual funds with expensive load fees." Which I would wager that you would all have expected.

A more interesting question (and much more