Is it better to adjust a stock’s compounded return for inflation and/or taxes make it better approximate an invariant?

Is it better to adjust a stock’s compounded return for inflation and/or taxes make it better approximate an invariant? An investor is interested in a stock’s return after adjustment for taxes and inflation. Thus it would be convenient to project the real after-tax compounded return to the investment horizon. Do adjustments for inflation and taxes …

Is it better to adjust a stock’s compounded return for inflation and/or taxes make it better approximate an invariant? Read More »