Posouzení vývoje akcií a dluhopisů v čase

Abstract

The aim of the thesis is a long-term comparison of stocks and bonds. The thesis is focused on the comparison of returns of stock and bond indexes and specifically focuses on the time interval from 1993 to 2022. In the final chapter, the indexes are compared with each other in % expression. It is found that although global recessions can be unpleasant, during this observed period, stock markets have always returned to their pre-recession levels and continued to grow. And the recession did not have an extreme long-term effect on them. The development on the bond market is then the opposite of that on the stock market. In the stock market, returns on stocks keep rising over time, while returns on bonds gradually fall.