Detail Shares and Shibboleths; Equity Markets   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 402 no. 8776 (Mar. 2012), page 65-67. Topik: Securities Markets; Equity Funds; Return on Investment; Treasuries Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.70 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel If there is a sacred belief among investors, it is that equities are the best asset for the long run. Buy a diversified portfolio, be patient and rewards will come. Holding cash or government bonds may offer safety in the short term but leaves the investor at risk from inflation over longer periods. Such beliefs sit oddly with the performance of the Tokyo stockmarket, which peaked at the end of 1989 and is still 75% below its high. Over the 30 years ending in 2010, a long run by any standards, American equities beat government bonds by less than a percentage point a year. The long-term faith in equities is based on the theory that investors should be rewarded for the riskiness of shares with a higher return, known as the equity risk premium (ERP). That risk comes in two forms. The first is that shareholders get paid only when other claimants on a company's cashflow, such as workers, the taxman and creditors, have received their due. Profits and dividends are thus highly variable and can disappear altogether when times get tough. The second risk is that share prices are volatile, more so than bond prices. Since 1926 there have been seven calendar years when American equity investors have suffered a loss of more than 20%; investors in Treasuries have suffered no such calamitous years. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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