RT Journal Article
SR Electronic
T1 Stocks, Bonds, Bills, Wealth, and Time Diversification
JF The Journal of Investing
FD Institutional Investor Journals
SP 39
OP 51
DO 10.3905/joi.2002.319505
VO 11
IS 2
A1 Sandip Mukherji
YR 2002
UL https://pm-research.com/content/11/2/39.abstract
AB This study examines U.S. capital market history to evaluate the relative investment results of different assets in terms of real values of terminal wealth and downside risk compared to minimum targets. The findings indicate that stocks not only offered better risk-value trade-offs, but also dominated bonds and bills over long holding periods, providing historical support for time diversification.