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13#
发表于 2011-7-13 15:07
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Remember that liquidity is cash oriented or short term oriented
Returns could be rebalancing or total return approach , also could mean an ending value needed e.g TVM calculation given initial , spending and time horizon
Slightly different things implied , even if they arise from same/similar need. In Liquidity part you just state what needs to come out of portfolio ( e.g. if portfolio NOT providing living expense then no Liquidity needed for living expenses) |
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