|Appears in Collections:||Accounting and Finance Journal Articles|
|Peer Review Status:||Refereed|
|Title:||Investment horizon and portfolio choice of private investors|
|Authors:||Veld-Merkoulova, Yulia V|
|Citation:||Veld-Merkoulova YV (2011) Investment horizon and portfolio choice of private investors, International Review of Financial Analysis, 20 (2), pp. 68-75.|
|Abstract:||I empirically investigate the impact of age and self-reported planning horizon on asset allocation decisions of individual investors. I find that age and investment horizon play different roles in determining investors' risky portfolios. When I consider total risky investments, including real estate, the share of risky assets declines with age. Planning horizon tends to influence only investments in financial risky assets, such as stocks, options, and mutual funds. A longer planning horizon leads to an increasing share of risky financial investments. Finally, less risk-averse investors and individuals with lower rate of time preference invest significantly more in stocks and other risky financial assets.|
|Rights:||The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.|
|Affiliation:||Accounting and Finance|
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