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Your Money Milestones: A Guide to Making the 9 Most Important Financial Decisions of Your Life
book

Your Money Milestones: A Guide to Making the 9 Most Important Financial Decisions of Your Life

by Ph.D. Moshe A. Milevsky
January 2010
Beginner content levelBeginner
224 pages
5h 26m
English
Pearson
Content preview from Your Money Milestones: A Guide to Making the 9 Most Important Financial Decisions of Your Life

8. Portfolio Construction: What Asset Class Do You Belong To?

Sally Sapher, age 60, is the epitome of financial caution. Despite the thousands of TV commercials, radio announcements, and newspaper stories touting the importance of global stock market investing for financial success, she is steadfast in her avoidance of stock market risk. Her parents lived through the Great Depression, and her uncle is said to have lost a large part of the family fortune in the stock market crash in the late 1920s. So, when Sally resolved to start saving for her retirement, she chose the safest product she could think of: U.S. government Treasury bills. For the past 19 years, at the end of every month, she has deposited $1,000 in her retirement savings account. ...

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Publisher Resources

ISBN: 9780137067718Purchase book