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Realistic Portfolio Allocation Decision-Making For The Small U.S. Retail Investor

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  • Michael Seiler
  • Vicky Seiler

Abstract

This study introduces new domestic mixed-asset and international equity securities that allow for exact portfolio replication even by small U.S. retail investors. Using these new series, various return characteristics are examined. Finally, three sets of mean-variance analyses are conducted: a domestic equity sector-only portfolio, a domestic mixed-asset portfolio, and an international mixed-asset portfolio. Real estate warrants inclusion to varying degrees in all three portfolios. International equity inclusion was also demonstrated. Copyright Springer Science + Business Media, Inc. 2005

Suggested Citation

  • Michael Seiler & Vicky Seiler, 2005. "Realistic Portfolio Allocation Decision-Making For The Small U.S. Retail Investor," The Journal of Real Estate Finance and Economics, Springer, vol. 31(3), pages 319-330, November.
    • Handle: RePEc:kap:jrefec:v:31:y:2005:i:3:p:319-330
    DOI: 10.1007/s11146-005-2792-4
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    References listed on IDEAS

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    1. Harvey, Campbell R, 1995. "Predictable Risk and Returns in Emerging Markets," The Review of Financial Studies, Society for Financial Studies, vol. 8(3), pages 773-816.
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