NO.PZ2018110601000035
问题如下:
Which of the following characteristics is most likely in favor of widening the rebalancing corridor?
选项:
A.
Investor’s assets are illiquid.
B.
The portfolio is in a tax-exempt account rather than a taxable account.
C.
Investor has low ability to tolerate risk.
解释:
A is correct.
考点:Portfolio rebalancing
解析: 流动性较差的资产类型,如果要频繁调整的话,交易成本会比较高交易时间会比较长,因此需要设定比较宽的调整区间,避免太过频繁调整,A选项正确。
税务的影响与交易成本非常类似,如果有税的话,那么需要设定一个比较宽的调整区间,避免频繁调整实现资本利得产生税费,B选项说反了。
如果投资者对风险的承受能力低,他将不能够承担超额风险,那么资产配置尽量不要偏离设定的目标配置,C选项说反了。
The portfolio is in a tax-exempt account rather than a taxable account.
tax-exempt account是免税账户的意思,不交税的话,不是可以设置更宽的范围吗?因为对税收不敏感?
老师,能麻烦解释一下税相关的吗?一直要搞混,谢谢。
比如tax-exempt account,taxable account,tax-efficient,tax loss harvesting,是免税还是对税无所谓,还是要交税?能麻烦展开说一下吗,谢谢。这部分涉及税的,看的有点晕,一会儿弄懂一会儿又混淆了。三级好几个科目里都涉及tax的,谢谢!!