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

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Are You a Stock or a Bond?: Identify Your Own Human Capital for a Secure Financial Future, Updated and Revised
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
Author	Moshe A. Milevsky Ph.D.
Binding	Hardcover
EAN	9780133115291
Edition	1
ISBN	0133115291
Label	FT Press
Manufacturer	FT Press
NumberOfItems	1
NumberOfPages	240
PublicationDate	2012-10-01
Publisher	FT Press
Studio	FT Press
ReleaseDate	0000-00-00

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

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