horizon

For investors with longer time horizons, however, these volatile periods often create attractive entry points, said Cawley.

Joe Young of Mercer Advisors is having his clients in the Washington, D.C., area think about reining in spending over a three-month time horizon.

“There are few credible signs of relief on the near-term horizon,” the analysts say.

The most effective central banks, he says, are clear and consistent in having a longer horizon.

Private equity can still play a role for younger investors with a high risk tolerance and long time horizons, but the stakes of manager selection and illiquidity are not trivial.