Question
There are 2 investments: 1) Investment in 5 different securities for 20 years 2) Investment in 5 different securities for 20 years and rebalancing every
There are 2 investments:
1) Investment in 5 different securities for 20 years
2) Investment in 5 different securities for 20 years and rebalancing every 5 years.
Why does investment 1 have a higher return ? (What are the possible reasons)
(Is it because of transaction costs?)
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
