This paper uses a large individual-level data set to isolate the effects of risk tolerance on
portfolio composition. We test and confirm two predictions of the Capital Asset Pricing Model: (1) …

We examine returns and ending wealth in portfolios selected from 1,000 large US stocks
over a 20‐year holding period. Shortfall risk, the possibility of ending wealth being below a …

Time diversification is the idea that the risk of meeting an investment objective can be reduced
if risky portfolios with high expected returns are held over long periods of time. Observed …

… with values for D were very limited (less than 25%). A univariate model with D as the only
predictor was run but no significant effect was found (p > 0.05). D was consequently excluded …

… where the indicator variable Z is 1 when STOCkl, _ d is less than or equal to the threshold
r, and 0 otherwise, The delay parameter, d, allows for the possibility of a lag between the …

The Dow Dividend Strategy recommends the highest-yielding stocks from the 30 Dow
Industrials. These stocks have come to be known as the “Dogs of the Dow” since they often …

The development of remotely sensed products such as land cover requires large amounts of
high-quality reference data, needed to train remote sensing classification algorithms and for …

Finance textbooks typically state that 8 to 20 stocks can provide adequate diversification for
a portfolio. However, these recommendations usually assume a short time horizon such as …

… One-day returns, excluding dividends, are generated for each series as follows: 1 R t = ln
P t − ln P t − 1 d t · 100 where P t is the index level at time t, and d t is the number of days …

This study uses a proprietary survey of Canadians to examine factors that lead people to seek
professional financial planning help. The main hypothesis is that financial self-efficacy will …