nannan66

sbmarti2 Wrote:
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> Buy and hold- explanatory, isn't it? Will fall
> between the other two in all cases, M value of 1.
>
> Constant mix- standard rebalancing to original
> SAA, outperforms in reversing markets,
> underperforms in trending markets, M value of less
> than 1, selling portfolio insurance, cheaper
> trading as it's contrarian
>
> CPPI- floor value in risk free, invest in risky in
> growth periods, sell risky in down periods. M
> value greater than one, convex, momentum trading
> costs are higher, buying portfolio insurance.
>
> P.S. I'm into the beers, so my answers are a bit
> lazy. Also, I can't remember if it's the M value,
> or some other letter. 1 in 26 shot

The M values are correct

NO EXCUSES