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Stocks, Bonds, and the Investment Horizon:Decision-Making for the Long Run

Author

Listed:
  • Haim Levy

    (The Hebrew University of Jerusalem, Israel)

Abstract

A century ago, life expectancy was roughly 40 years, hence all income could be consumed, as for most people, there was no need to save for retirement. Today, things have drastically changed: Life expectancy exceeds 80 years in many countries, and one should expect to live and consume many years after retirement. Thus, we have many investors with various investment horizons, where the length of the investment horizon becomes a crucial factor in determining the best investment diversification.

Suggested Citation

  • Haim Levy, 2022. "Stocks, Bonds, and the Investment Horizon:Decision-Making for the Long Run," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 12665, August.
    • Handle: RePEc:wsi:wsbook:12665
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    File URL: https://www.worldscientific.com/worldscibooks/10.1142/12665
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    More about this item

    Keywords

    Stocks for the Long Run; Mean — Variance Rule and the Horizon; Stochastic Dominance and the Horizon; Sharpe Ratio and the Horizon; Prospect Theory and the Horizon;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G1 - Financial Economics - - General Financial Markets

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