The present paper considers a retiree of a certain age with an initial endowment of investable wealth facing the following alternative investment opportunities. One possibility is to buy a single premium immediate annuity-contract...

Die vorliegende Arbeit analysiert den Cost - Average Effekt , beruhend auf einer strukturierten Vorgehensweise eines Finanzinvestments, der Cost Average- bzw. Durchschnittspreis-Methode.

In this paper, we study the benefits derived from international diversification of stock portfoliosfrom Hungarian as well as German point of view. The Hungarian Stock Exchange is anemerging market in contrast to the German capital market which is one of the largest marketsin the world. In an ex...