Portfolio Rebalancing Buy and Hold strategy BH efficientmarket
Portfolio Rebalancing 傅鈺婷 指導教授:戴天時 教授
Buy and Hold strategy , BH 買入持有策略 • 爭論點:efficient-market hypothesis (EMH)效率市場假說 • 例子: 50/50 buy-and-hold strategy (BH) consisting of 50% S&P 500 and 50% US Treasury Securities.
Constant-Mix investment strategy , CM 固定比例投資策略
Constant-Mix investment strategy , CM 固定比例投資策略
Constant Proportion Portfolio Insurance CPPI 固定比例投資組合保險策略
Constant Proportion Portfolio Insurance CPPI 固定比例投資組合保險策略 •
Investment horizon and the attractiveness of investment strategies: A behavioral approach Buy-and-hold strategies Constant Mix strategy 50% S&P 500 50% US TB 只對以下投資人有吸引力: 1. 價值功能曲線較大 2. 投資期限較長
Investment horizon and the attractiveness of investment strategies: A behavioral approach Constant Proportion Portfolio Insurance the floor level to 95%, comparably to the protective put, and the multiplier to 2. 5. 結果跟期望效用理論形成明顯的對比
Time-Invariant Portfolio Protection Investment Strategy , TIPP 時間不變性投資組合保護策略
Time-Invariant Portfolio Protection Investment Strategy , TIPP 時間不變性投資組合保護策略
參考資料 • 投資組合調整 • http: //homepage. ntu. edu. tw/~kslin/course/fch 8. ppt • 展望理論相關文獻回顧 潘慈暉 • http: //aca. cust. edu. tw/pub/journal/28/28 -19. pdf • 確定提撥計畫下退休基金之資產配置策略 邢益慈 • http: //etd. lib. nsysu. edu. tw/ETD-db/ETD-search-c/getfile? URN=etd-0616100111904&filename=%E 5%9 C%8 B%E 5%AE%B 6%E 5%9 C%96%E 6%9 B%B 8%E 9%A 4%A 8%E 8%BD %89%E 6%AA%94. pdf
參考資料 • Investment horizon and the attractiveness of investment strategies: A behavioral approach (Dierkes、Erner、Zeisberger 2010) • Cumulative prospect theory • https: //en. wikipedia. org/wiki/Cumulative_prospect_theory • 框架效應 • https: //wiki. mbalib. com/zh-tw/%E 6%A 1%86%E 6%9 E%B 6%E 6%95%88%E 5%BA%94 • 生錢的秘密!你不一定知道,但一定用過!(營銷理論) • http: //imtopsales. com/view 1/? p=4905
參考資料 • Rebalancing investments • https: //en. wikipedia. org/wiki/Rebalancing_investments • Buy and hold • https: //en. wikipedia. org/wiki/Buy_and_hold • Portfolio Management: Buy-And-Hold vs. Constant-Mix • https: //www. investopedia. com/articles/stocks/09/constant-mix-buy-hold. asp
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