Research Article
Is Farmland As Good As Gold?
Table 5
Comparison of high-risk portfolios under five scenarios (1972–2009).
| |
Portfolio performance for high-risk category | |
(10% investment yield) |
| | Scenario: | 1 | 2 | 3 | 4 | 5 | | Investment yield | n/a | 10% | 10% | 10% | 10% | | Risk (std deviation) | n/a | 19.3% | 16.8% | 16.8% | 18.1% | | Coef. of variation | n/a | 1.93 | 1.68 | 1.68 | 1.81 | | Portfolio weights: | | | | | | | T-Bills | n/a | — | — | — | — | | Long bonds | n/a | 8.8% | — | — | — | | F-REIT | n/a | — | — | — | 25.8% | | Gold | n/a | — | 27.6% | 27.6% | — | | REITs | n/a | 24.9% | 19.5% | 19.5% | 11.4% | | Stocks | n/a | 51.3% | — | — | — |
|
|
