Lai, Christine; Lai, Tsung-Chyan - In: Applied Economics Letters 16 (2009) 7, pp. 711-718
The c-minus-age strategy is a popular strategy for life-cycle investing. When applying the c-minus-age strategy, an investor first chooses an indirect preference parameter c and at age t will hold a percentage of c minus t in equity assets. In this article, we use a linear and a multiplicative...