Dear all
I have a question on EOC schweser vol 5 session 16 reading 30 page 48
Question 3 states
You expect the stock market to be volatile over the next year. Hold period return expected :0%
Recommend and justify a portfolio investment strategy
Of course we know that volatility without a trend calls for CM (constant mix strategy) as per the book but with 0% return would buy and hold not be more efficient with fewer costs and taxes?