Are You a Stock or a Bond?: Identify Your Own Human Capital

Are You a Stock or a Bond?: Identify Your Own Human Capital for a Secure Financial Future
You must be aware of the value, potential return and risk of your own human capital (your job, career and what you do for a living as opposed to stocks and bonds or other investment choices) as well as financial capital and investments to plan a secure future. Human capital is the most valuable asset that you will own over your lifecycle. You need to balance all financial decisions with the characteristics of your human capital. The key trends identified in the first edition of the book namely, the decline of Defined Benefit (DB) pension provision, the continued increase in human longevity and the risk of personal inflation, are as relevant today as they were five years ago. The financial crisis has taught us that all types of capital â€“ human, financial and even social â€“ are key to a secure financial future. If your career has "stock-like" growth and risk characteristics, Milevsky helps you balance your "portfolio" by tilting investments towards safer "bonds." If your job is more secure but offers lower financial upside, you'll learn to tilt your investments towards stocks that compensate for your lower earning potential. Either way, Milevsky shows you how to integrate investments, insurance, annuities, and retirement plans to generate the safe and reliable income you'll need.

This Edition's updates include:
- Â Â Â New 2012 data, charts, figures, and references
- Â Â Â More coverage of incorporating "human capital" into financial planning
- Â Â Â Advice reflecting the aftermath of the financial crisis
- Â Â Â Easier, more usable techniques, and less math!
Country USA
Brand FT Press
Manufacturer Ft Pr
Binding Hardcover
ItemPartNumber Illustrations
UnitCount 1
UPCs 076092049135
EANs 9780133115291
ReleaseDate 0000-00-00

Country	USA
Brand	FT Press
Manufacturer	Ft Pr
Binding	Hardcover
ItemPartNumber	Illustrations
UnitCount	1
UPCs	076092049135
EANs	9780133115291
ReleaseDate	0000-00-00

Are You a Stock or a Bond?: Identify Your Own Human Capital for a Secure Financial Future

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