Stocks, Bonds, and the Investment Horizon : Decision-Making for the Long Run ...

Name: Stocks, Bonds, and the Investment Horizon : Decision-Making for the Long Run ...
Brand: World Scientific Publishing Co Pte Ltd

World Scientific Publishing Co Pte Ltd

A century ago, life expectancy was roughly 40 years, hence saving for retirement was not an important economic issue. Nowadays, life expectancy exceeds 80 years in many countries, and one should expect to live and consume many years after retirement. Thus, optimizing investments and savings for retirement, with a long planned investment horizon, has become an issue of crucial importance.\nHow should individuals invest for the long run? Does the optimal asset allocation between risky stocks and relatively safer bonds change with age? Is the idiom \""stocks for the long run\"" backed by scientific evidence? This book provides a comprehensive in-depth review of these issues, bridging theory and practice of investments for various horizons.\n\nSTOCKS, BONDS, AND THE INVESTMENT HORIZON\n\nFree UK delivery on this item.\n\nThis brand new item is available with free UK delivery using Royal Mail tracked services.\n\nPlease note: the price advertised is as low as we can go \u2014 we do not acce;