The portfolio optimization process should be enhanced to incorporate non-normal distributions of returns and recognize that an investment horizon is not a single uninterrupted period, allowing the optimizer to reflect how volatility erodes returns and show the beneficial effects of rebalancing.

Authors

• Person: Not available Organization: Journal of Financial Planning
  Next Generation Investment Risk Management: Putting the 'Modern ...

Sources

• Next Generation Investment Risk Management: Putting the 'Modern ... www.financialplanningassociation.org Journal of Financial Planning via serper

Referenced by nodes (3)

• returns concept
• rebalancing concept
• volatility concept