According to the security market line,there is no reward for waiting.In other words,in order to have any expected return at all,an investor must invest in risky assets.

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The security market line (SML) concept in finance suggests that there is a trade-off between risk and expected return. It implies that even risk-free assets (like government bonds) offer a positive expected return, albeit lower than riskier assets. The SML shows that investors are rewarded for taking on additional systematic risk (beta), but this does not mean there is no reward for holding risk-free assets.

According to the Security Market Line,there Is No Reward for Waiting.In