Why Invest in Bonds!
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Authors
Baker, Gary
Martin, James
Issue Date
2005-06-1
Type
Working paper
Language
en_US
Keywords
Bonds , Investment , Common stock
Alternative Title
Abstract
Typically financial planners advise investors to diversify, invest some of your money in bonds and some of our money in common stock. Is this sound advice? This paper examines thirty-five different holding periods and compare the return on large company common stock portfolios to the returns on long-term corporate bond portfolios. Each of the holding periods is thirty years long. The first holding period is 1940 through 1969, the second holding period is 1941 through 1970. The last holding period is 1974 through 2003.
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Citation
Publisher
Washburn University. School of Business