portfolio risk. International financial markets offer a means for diversification, but most investors do not exploit this risk … from perfect international risk sharing and toward domestic equity. The model shows that in most industrialized nations the …

, the discussion speculates about the future of direct investments. One obvious tool for DRIP investors is the Internet …

held long enough, they are usually better investments because their total return is likely to be higher than the return on … stock investments but not bond investments. Further, for most individual investors, feasible holding periods have seldom … been long enough to take full advantage of long-term stock investments. …