As a side - note, we prefer a 12 -
year horizon when we discuss mean - reversion of valuations, because that's the point where the «autocorrelation profile» of valuations hits zero (meaning that overvaluation or undervaluation most reliably washes out over that horizon).
Not exact matches
In fact, according to our analysis, though higher U.S. valuations were associated with lower future returns, there were numerous instances in the past, particularly in the mid-to-late 1990s,
when very high U.S. valuations coincided with strong returns over one - and three -
year horizons.
GREENBLATT: Right, well the idea really was is that
when you give a gate, every September or October, people have to decide whether they want to lock up for another
year or two,
when you have monthly liquidity, you're never forcing them to make a decision maybe the wrong time, they can always have their money and it's not a signaling device to say you should have a short time
horizon, actually for what we do, you need a long time
horizon.
When an investment
horizon begins at depressed market valuations and ends at elevated market valuations, the total returns of investors over that
horizon are always glorious (for example, the total return of the S&P 500 averaged nearly 20 % annually during the 18 -
year period between the 1982 low and the 2000 peak).
These managers range from those whose time
horizon is measured in minutes to those who hold positions for
years; from those who knew they wanted to invest
when they were back in grade school to those who still aren't sure investing is their calling; and from those with impeccable academic credentials to those without any degrees.
And given that even in retirement most studies suggest that a large percentage should always be invested in equities, I am not sure there will ever be a time
when I am not at least partially investing for a ten
year horizon.
Btw the 10
year horizon is relevant to me as it is
when I can take my 25 % lump sum from SIPP, so preferable taking it from bonds that have just been redeemed rather than selling down equities that may be in a bear market at the time.
Also, consider how important that goal is from the perspective of your long retirement
horizon where you need real continuous income along the way and the benefits of enjoying that income
when you are relatively healthy and younger (< 70
years) while staying in an equity - heavy portfolio.
So market returns over a small number of
years can experience enormous swings, but average annual returns appear much more stable
when we examine a very long investment
horizon.
To be sure, planning for even the next 3 - 5
years is a particularly daunting task
when everyone knows that powerful, but uncertain disruptive technologies and new business models are on the
horizon.
Originally, Liberto's great - grandfather, Frank Employees: 100 Liberto, sold spices and oils imported from Italy, but Specialty: Concession and snack foods Tony Liberto, president: «In the next in the 1920s he began using a coffee roaster to roast two or three
years, we see a very peanuts that he sold
when the circus came through bright
horizon.»
During this time of
year,
when we start seeing more and more warm days on the
horizon, I begin having uncontrollable cravings for all things fresh, bright and fruity.
As we all know Arsene Wenger is a stickler
when it comes to honouring contracts and he has already forced Alexis Sanchez to stay at Arsenal for the last
year on his current deal, so he is not going to be happy if any of his players ask if they can be released simply because there is a World Cup on the
horizon.
Now that she's won statewide election by a 26 - point margin, and has no credible challengers on the
horizon for next
year,
when she'll run for a full term, it's becoming clearer what she intends to do with the remarkable political opportunity she has been given.
Then,
when I was learning trigonometry a few
years later, I encountered a remarkable problem: If you know the radius of the Earth, and you're standing on the edge of the ocean, how far away is the
horizon?
«I predict that
when new hominin fossils from So'a are found from the 1 million
year horizon, they'll already be small - bodied and more primitive that H. erectus,» says William Jungers at Stony Brook University in New York.
When it comes to party wear, salwar kameez was long gone out of the fashion
horizon of the country, but in recent
years, it flashed back with the most epic designs and embroideries.
I think it's definitely worth taking a
year off
when you have something like that on the
horizon for the next go - round.
I love this time of
year when the weather starts to cool and the holiday season is in the
horizon — so many of you start sharing recipes that look so great I can hardly stand it — so inspiring!
We begin on Armistice Day 1918 as our protagonist, Vera, wanders aimlessly through the celebrating crowds before flashing back four
years prior to the summer of 1914,
when war was just over the
horizon.
What Gerwig does best is acutely capture the heady blur of the last
year of high school,
when old things gradually matter less and less as new opportunity and excitement tantalizingly tease on the
horizon.
When I use the phrase «the future of higher education,» we could easily talk about a three - to - five -
year time
horizon, or a 10 -
year time
horizon, or a far longer time
horizon.
She was only 49
years of age,
when fate decided to give her wings and let her soar towards other
horizons.
Of course,
when you look over this longer 15 -
year time
horizon, there isn't any deterioration to worry about either.
But five
years ago
when the decision was made to launch a fourth car line, neither of these factors were darkening the
horizon.
And having seen the single wide screen of the next generation MDX in Detroit earlier this
year, I know that better things are on the
horizon for the TLX
when it eventually gets a full redesign.
For example, a 25 -
year old only has a 5 -
year time
horizon if he's expecting to spend all of his money on the down payment of a mortgage
when he's 30.
I looked at what happens after 50
years because that's really my investment
horizon when I started out.
When we make an investment, we take a patient, long term investment
horizon and expect to hold the stock for at least five
years, keeping portfolio turnover low.
When we begin to assess performance over shorter
horizons, such as 3
years rather than 50, these nearly equivalent strategies from a 50 -
year perspective now appear to be extraordinarily different: their shorter - term returns deviate significantly.
You can expect about a 7 % return
when investing in the general market if your
horizon is ten
years or more.
Also, consider how important that goal is from the perspective of your long retirement
horizon where you need real continuous income along the way and the benefits of enjoying that income
when you are relatively healthy and younger (< 70
years) while staying in an equity - heavy portfolio.
Similarly, homeowners may regard anything less than 10
years as a medium - term
horizon when it comes to real estate.
When dealing with portfolios, 10
years is a decent time
horizon, but thirty
years even better!
Of course, down the road,
when you're three
years into an investment, losing money & no signs of change on the
horizon, knowing you're in a stock which continues to generate a decent underlying return can really save you from losing heart & being swayed by the naysayers...
I think Apple is a great example of the potential advantage that can be garnered from time
horizon arbitrage — basically looking out a few
years when so many people are focused on the short - term.
Therefore, as we would expect, Figure 2 shows that over a one -
year horizon the model has almost zero predictive power, with an R2 of 3 %, but
when the
horizon is lengthened to 10
years, the explanatory power jumps to 31 % (56 % correlation).
First, the time
horizon is usually shorter: even if you start contributing to an RESP
when your child is born (and most parents don't), you'll start tapping the funds in no more than 18
years.
When viewed over the five -
year horizon, active managers across all market cap segments and style underperformed their respective benchmarks.
PLZ NOTE = I try to PLAY SAFE and EXPECT HIGH RETURNS (which everyone wants lol) Example = I have 10k to invest / save (total investment amount)(
horizon 10 +
years or
when goal is achieved, if I have reached to my amount, I will change my plan)
Remember all the conversations we've had over the past couple
years about staying invested in the market no matter what it does (assuming you have a long - term
horizon) and especially
when it's falling?
SMI has long recommended that investors have at least a five -
year investing
horizon when investing in stocks; 10
years is even better.
When you have investment
horizon of 12
years & 10
years, may I know why you would like to invest in «safe» investment / saving options?
It's hard to recall a time
when stocks were not volatile, which is why most planners counsel that stocks are appropriate for those with a time
horizon of at least five
years.
While we have a long - term investment
horizon of more than five
years, we do not often find ourselves needing to sit on large cash balances because this is a rolling process, and
when «vintages» mature we are able to swiftly redeploy assets into new investment ideas; thus, we only really need to find four new ideas each
year.
Look past short - term noise: three - to five -
year horizon enables us to be opportunistic
when price dislocations arise
It's dark
when I get up at 6 am, the first hint of a new day on the
horizon; the forest floor has turned gold and green as the cedars shed their summer cloak; honeysuckle leaves litter the boardwalks and garden ground; bright red honeysuckle berries are being plucked by tiny wrens; jays are sitting in the apple tree, feasting on the fruit we imagined as apple pie; the last roses are fading; fronds of great bull kelp are landing on the beach, food for next
year's garden; the sudden daybreak howl of sporty boats heading to the hot fishing spots where we have our hydrophones has gone; sea lions are beginning to heave their huge bodies onto haul - out rocks along the way; most of our assistants have left, heading back to school or home; and in their absence we are spending more time in the lab at night, recording the voices of the orcas, who are still here.
When I was little, my father had business in Southern California and we had relatives in Pasadena, so every
year in February — the worst time of the
year in Idaho — we would pile in the car and head out across the barren Nevada desert, where Las Vegas was just a pimple on the
horizon at the time, and come into San Bernardino.
Compared to coal, the [climate] footprint of shale gas is at least 20 % greater and perhaps more than twice as great on the 20 -
year horizon and is comparable
when compared over 100
years.
Methane GWP is higher
when considered on the 50 -
year time
horizon than it is on the 500 -
year time
horizon or it would be on a 500,000 -
year time
horizon, if anyone bothered to do that calculation.