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Jednorázové a pravidelné investice na svetovych akciovych trzích/Lump Sum and Regular Investments on the World Stock Markets

Trendy ekonomiky a managementu, 2013-07, Vol.7 (16), p.96 [Peer Reviewed Journal]

Copyright Brno University of Technology, Faculty of Business and Management 2013 ;ISSN: 1802-8527 ;EISSN: 2336-6508

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  • Title:
    Jednorázové a pravidelné investice na svetovych akciovych trzích/Lump Sum and Regular Investments on the World Stock Markets
  • Author: Soba, Oldrich ; Skatulárová, Ivana
  • Subjects: Investments ; Lump sum ; Rates of return ; Risk exposure ; Securities markets ; Standard deviation ; Stock exchanges ; Studies
  • Is Part Of: Trendy ekonomiky a managementu, 2013-07, Vol.7 (16), p.96
  • Description: The focus of this article are lump sum and regular investments (dollar cost averaging method) on selected world stock markets in the period from 1990 to 2010 for different investment horizons. The methodology used in this paper is based on the quantification of return and risk indicators for different investment horizons. The following investment horizons were chosen: 1 year, 3 years, 5 years and 10 years. The paper works with quarterly data of selected indices in the period from 1990 to 2010. Regular investment through the dollar cost averaging method brought substantially better values of the return-risk profile than lump sum investments made during the same period on the same market, mostly over short-term investment horizons. Over longer investment horizons, regular investment with the dollar cost averaging method was still bringing better results than the return-risk profile, but given the trend of a growing US and European market, more return could be achieved with lump sum investments than regular investments made over the same period.
  • Publisher: Brno: Brno University of Technology, Faculty of Business and Management
  • Language: Czech
  • Identifier: ISSN: 1802-8527
    EISSN: 2336-6508
  • Source: ProQuest Central

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