Are You a Stock or a Bond?: Create Your Own Pension Plan for a Secure Financial Future Are You a Stock or a Bond?: Create Your Own Pension Plan for a Secure Financial Future

Are You a Stock or a Bond?: Create Your Own Pension Plan for a Secure Financial Future

    • £16.99
    • £16.99

Publisher Description

This is the eBook version of the printed book.

In an era when traditional corporate pensions are disappearing, Social Security’ s sustainability is in question, healthcare costs are skyrocketing, and society is dumping more and more financial risk squarely onto your shoulders, Moshe Milevsky helps you comprehensively integrate all the opportunities and risks in your life: your career risks, your portfolio risks, your housing risks, and even your personal inflation and longevity risks that could lead you to financial regret and a ruined retirement. Then, he introduces a powerful, new framework for thinking about and managing your financial future that you can use to systematically reduce your vulnerability to each of these risks and, thus, generate long-term financial security.

To maximize your investment returns and protect yourself and your family, you must learn to think of yourself as a small company, with assets, liabilities, a balance sheet, an income statement, and real shareholder equity. The composition and choices you make with your financial capital should reflect the nature and security of your career or job, which is your unique “human capital.” So, for example, if You, Inc. is like a “stock,” make sure your retirement savings are tilted toward “bonds.” If your job is more secure and You, Inc. is essentially a “bond,” then make sure your retirement savings are tilted toward “stocks.” Get personal with your investments and make your financial capital serve and protect your human capital. Factoring in your unique “human capital” adds a new dimension to financial planning which is a critical next step for sound and effective investing.

GENRE
Business & Personal Finance
RELEASED
2008
27 August
LANGUAGE
EN
English
LENGTH
239
Pages
PUBLISHER
Pearson Education
SIZE
3
MB

More Books Like This

Retirement Income Redesigned Retirement Income Redesigned
2010
How Much Money Do I Need to Retire?: Uncommon Financial Planning Wisdom for a Stress-Free Retirement How Much Money Do I Need to Retire?: Uncommon Financial Planning Wisdom for a Stress-Free Retirement
2020
Secure Retirement: Connecting Financial Theory and Human Behavior Secure Retirement: Connecting Financial Theory and Human Behavior
2019
The Big Retirement Risk The Big Retirement Risk
2012
Retirement Income for Life Retirement Income for Life
2020
A Good Financial Advisor Will Tell You... A Good Financial Advisor Will Tell You...
2011

More Books by Moshe A. Milevsky

Life Annuities: An Optimal Product for Retirement Income Life Annuities: An Optimal Product for Retirement Income
2013
King William's Tontine King William's Tontine
2015
Pensionize Your Nest Egg Pensionize Your Nest Egg
2015
The Calculus of Retirement Income The Calculus of Retirement Income
2006
Strategic Financial Planning over the Lifecycle Strategic Financial Planning over the Lifecycle
2012
The 7 Most Important Equations for Your Retirement The 7 Most Important Equations for Your Retirement
2012