How Long is a Long-Term Investment

Using historical data from 1926 to 2002, the article shows that for investors with very long horizons,(longer than 25 years), stocks were safer in the U.S. than government bonds. For investors with shorter horizons, both stocks and bonds were exposed to substantial risks, and stocks did not necessarily outperform government bonds

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Year of publication:	2012
Authors:	Shen, Pu
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Kapitalanlage \| Financial investment \| Dauer \| Duration \| Risikoprämie \| Risk premium \| Staatspapier \| Government securities \| Aktie \| Share

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Extent:	1 Online-Ressource (28 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments Jan 1, 2005 erstellt
Other identifiers:	10.2139/ssrn.2178716 [DOI]
Classification:	G10 - General Financial Markets. General ; G11 - Portfolio Choice
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013097739