Risk, return, and beyond: A conceptual analysis of some factors influencing New Zealanders’ investment decisions
This note presents the data and technical detail underlying a new set of estimates of gross asset returns since 1989 for a wide range of assets relevant to New Zealanders. The estimates have an economy-wide lens. An individual investor is likely to be interested in the realised risk and return they can achieve, as determined by a range of additional factors like taxes or personal circumstances. The analysis presented here is designed to illustrate conceptually the construction of a diversified portfolio and the practical advantage in doing so in a world of considerable uncertainty.
|Date of creation:||Oct 2012|
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- John H. Cochrane, 2011. "Presidential Address: Discount Rates," Journal of Finance, American Finance Association, vol. 66(4), pages 1047-1108, 08.
- Paul Bloxham & Christopher Kent & Michael Robson, 2010.
"Asset Prices, Credit Growth, Monetary and Other Policies: An Australian Case Study,"
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rdp2010-06, Reserve Bank of Australia.
- Paul Bloxham & Christopher Kent & Michael Robson, 2011. "Asset Prices, Credit Growth, Monetary and Other Policies: An Australian Case Study," NBER Working Papers 16845, National Bureau of Economic Research, Inc.
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