Strategic financial planning over the lifecycle : a conceptual approach to personal risk management /

"This book on personal financial planning and wealth management employs the lifecycle model of financial economics. The central idea of 'consumption smoothing' is used to connect chapters and topics such as saving and investment, debt management, risk management and retirement plannin...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Charupat, Narat
Otros Autores: Huang, Huaxiong, Milevsky, Moshe Arye, 1967-
Formato: Electrónico eBook
Idioma:Inglés
Publicado: New York : Cambridge University Press, 2012.
Temas:
Finance, Personal.
Risk management.
Wealth > Management.
Gestion du risque.
Richesse > Gestion.
risk management.
BUSINESS & ECONOMICS > Accounting > Financial.
BUSINESS & ECONOMICS > Personal Finance > Budgeting.
BUSINESS & ECONOMICS > Personal Finance > Money Management.
Finance, Personal
Risk management
Privatekonomi.
Riskhantering > ekonomiska aspekter.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; STRATEGIC FINANCIAL PLANNING OVER THE LIFECYCLE; Title; Copyright; Dedication; Contents; Acknowledgments; 1 Introduction and Motivation; 2 Mathematical Preliminaries
  • Working with Interest Rates; Learning Objectives; 2.1 Interest Rates; Learning Objectives; Learning Objectives; Learning Objectives; Learning Objectives; Learning Objectives; Learning Objectives; Learning Objectives; Learning Objectives; Learning Objectives; Learning Objectives; Learning Objectives; Learning Objectives; 2.1.1 Effective Annual Rate (EAR) and Annual Percentage Rate (APR)
  • 2.2 Time Value of Money
  • Definitions2.3 Present Value and Future Value of a Single Cash Flow; 2.4 Present Value of an Annuity with Constant Payments; 2.4.1 Ordinary Annuity; 2.4.2 Annuity Due; 2.5 Future Value of an Annuity with Constant Payments; 2.5.1 Ordinary Annuity; 2.5.2 Annuity Due; 2.6 Present Value of an Annuity; 2.6.1 Constant-Growth Ordinary Annuity; 2.6.2 Constant-Growth Annuity Due; 2.7 Future Value of an Annuity; 2.7.1 Constant-Growth Ordinary Annuity; 2.7.2 Constant-Growth Annuity Due; 2.8 A Preliminary Discussion of the Effects of Inflation
  • 2.9 Appendix: Geometric Progressions and Annuity Relations2.10 Questions and Assignments; 3 Personal Balance Sheet and Human Capital; 3.1 Personal Balance Sheets; 3.1.1 Financial Assets; 3.1.2 Gross Human Capital; 3.1.3 Explicit Liabilities; 3.1.4 Implicit Liabilities; 3.1.5 Economic Net Worth; 3.2 Estimation of Gross Human Capital; 3.2.1 What Is Proper Discount Rate for Gross Human Capital?; 3.3 Estimation of Implicit Liabilities; 3.4 An Example of Human Capital Decisions: Investing in Education; 3.4.1 Some Caveats; 3.5 Questions and Assignments; 4 Consumption Smoothing and Optimal Savings
  • 4.1 Consumption Smoothing4.2 Assumptions for Consumption Smoothing; 4.3 Solving for Smoothness; 4.3.1 Effects of Changes in Other Parameter Values; 4.4 Consumption Smoothing vs. Other Approaches; 4.4.1 The Fixed-Percentage Savings Rules; 4.4.2 The 70'045 Income Replacement Rule; 4.5 Practical Considerations; 4.6 Questions and Assignments; 5 Debts, Loans, and Mortgages [Canadian Content]; 5.1 Mortgage Financing; 5.1.1 Mortgage Amortization; 5.1.2 Mortgage Insurance; 5.1.3 Mortgage Refinancing; Case 1: Do Not Refinance the Loan; Case 2: Refinance the Loan
  • 5.1.4 Fixed-Rate vs. Floating-Rate Loans5.2 Borrowing to Invest; 5.3 Debt Consolidation; 5.4 Is Debt Good or Bad?; 5.5 Questions and Assignments; 6 Personal Income Taxes [Canadian Content]; 6.1 The Logic of Income Tax Calculations; 6.1.1 Federal Income Taxes; 6.1.2 Provincial Income Taxes; 6.1.3 Combining Federal and Provincial Income Taxes; 6.2 Investment Income; 6.2.1 Interest Income; 6.2.2 Dividend Income; 6.2.3 Capital Gains/Losses; 6.3 Income Tax Planning; 6.3.1 Income Splitting; 6.3.2 Tax-Deferred Investment Vehicles; 6.3.3 Tax-Free Savings Accounts (TFSAs); 6.3.4 RRSPs vs. TFSAs

Ejemplares similares