Optimalizace portfolia pro českého individuálního investora

Abstract

The aim of the diploma thesis is the optimization and comparison of stock portfolios for individual Czech investor on the basis of real historical data using the Markowitz model. The partial goal of the thesis is to test and compare the effects of the length of files of historical data to achieve estimates portfolios parameters and also compares the influence of active and passive portfolio management during the investment horizon. The thesis outlines the actual investments in individual portfolios to being monitor the impact of transaction costs, fees and dividends. The effect of currency risk is also being monitored.