Investment Principles for Individual Retirement Accounts

Anastasios G Malliaris; Mary Malliaris; A. (Tassos) G. Malliaris

doi:10.1016/j.jbankfin.2007.06.008

Investment Principles for Individual Retirement Accounts

Anastasios G Malliaris, Mary Malliaris, A. (Tassos) G. Malliaris

Loyola University Chicago

Loyola University Chicago

Research output: Contribution to journal › Article › peer-review

Abstract

The phenomenal growth of individual retirement accounts in the US, and globally, challenges both individuals and their advisors to rationally manage these investments. The two essential differences between an individual retirement account and an institutional portfolio are the length of the investment horizon and the regularity of monthly contributions. The purpose of this paper is to contrast principles of institutional investing with the management of individual retirement accounts. Using monthly historical data from 1926 to 2005 we evaluate the suitability for managing individual retirement portfolios of seven principles employed in institutional investing. We discover that some of these guidelines can be beneficially applied to the investment management of individual retirement accounts while others need to be reconsidered.

Original language	American English
Journal	School of Business: Faculty Publications and Other Works
Volume	32
Issue number	3
DOIs	https://doi.org/10.1016/j.jbankfin.2007.06.008
State	Published - Mar 1 2008

Keywords

Individual retirement accounts
Risk and return
Investment management
Risk management of individual retirement accounts

Disciplines

Business

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Cite this

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KW - Risk and return

KW - Investment management

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Investment Principles for Individual Retirement Accounts

Abstract

Keywords

Disciplines

Access to Document

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