Why long-termists should beware
Article Abstract:
Financial advisers have long advised that long-term investors should hold more equities than short-term investors. However this may be wrong according to recent research. It has been assumed that equity returns are random, but there is evidence that dividend yield can predict future returns, with high yield predicting good returns and low yield predicting bad returns. However it is uncertain whether dividend yield can be a reliable predictor for equity returns, and there are too few 10-year periods since 1918 to draw reliable inferences from.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Joys of the triangle
Article Abstract:
A triangular shape was developed by the FTSE 100 index (6026) from early January, but the index is just starting to move to the upside of the triangle. The June 6000 calls (540p) are held, with a stop limit at 5750. British Telecom (1,034p) is likely to benefit from the rising level of internet users. Glaxo Wellcome (2,040p) has seen shares rally away from the stop limit, and British Aerospace (440p) has a broad trading range between 400p and 500p.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
User Contributions:
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