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Strategies in Personal Finance: Basic Investment Principles for Today and Tomorrow

Strategies in Personal Finance: Basic Investment Principles for Today and Tomorrow

          
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About the Book

Every family should have financial goals for the future. Being unprepared can lead to monetary chaos. Financial Management of Your Future deals with strategies for accomplishing financial goals. What investment returns are necessary to achieve explicit family goals? How are returns logically related to risks for investment opportunities that are considered? Can different families have different tolerances for experiencing investment risk? Why is asset allocation the key investment decision for most families? What are the characteristics and valuations of bonds, stocks, mutual funds, real estate and international securities that a family might consider? How should a family construct, monitor, and revise a portfolio of investments over time? How should careful estate planning be done by a family in order to delay or avoid taxes in passing on property to their children, grandchildren, and favorite charities? And how can some of the concepts and techniques from "modern portfolio theory" be helpful to a family as it attempts to answer these questions?
This book deals with financial strategies for three adult age categories: (1) Families of ages twenty to forty in the earlier years of active employment, child raising, and the beginning of saving for retirement; (2) Families of ages forty to sixty in their years of maximum income, high educational expenses for their children, and more serious thinking about forthcoming retirement; and (3) Families of ages sixty to eighty having retired or approaching full retirement.

About the Author: Keith Smith, the former Dean of the Krannert School of Business at Purdue University, is the author of five textbooks and has published over seventy articles and chapters in professional journals and books. Smith has been a consultant to numerous companies and other organizations, with assignments in corporate finance and investments management. Jane Smith, who received her MBA from Purdue University in 1998, has developed a consulting service for small businesses.


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Product Details
  • ISBN-13: 9781557533470
  • Publisher: Purdue University Press
  • Publisher Imprint: Purdue University Press
  • Depth: 19
  • Language: English
  • Returnable: Y
  • Sub Title: Basic Investment Principles For Today And Tomorrow
  • Width: 214 mm
  • ISBN-10: 1557533474
  • Publisher Date: 30 Jan 2005
  • Binding: Paperback
  • Height: 273 mm
  • No of Pages: 350
  • Spine Width: 23 mm
  • Weight: 986 gr


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