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As you consider the maximum tolerance to stay below the last watermark?

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Jose Lourenco Claudio Junior
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Jose Lourenco Claudio Junior 2016.06.23 02:42 
The expectation is a relatively important criteria in defining the profile of an investor.

  For example a 180-month investment plan, consider 27 months below the watermark acceptable, as it is only 15% for 15 years.

  In this equation the tolerance criteria is 1% per year. 

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