Time and Risk of Securities Portfolio

The article advances an alternative approach to studying correlation between time and risk in investing into securities portfolio. This risk is usually identified with risks of short-term trading on stock market. However, in case securities portfolio is kept for rather a long period of time, then portfolio risk changes in quality, as it becomes relatively independent from time on investment. The authors showed that fluctuation of share price stops being a principle specific feature of investing into it, while the 1 st place is taken by size and regularity of net profit generated by such securities portfolio.