skip to content
Life-cycle investing and leverage : buying stock on margin can reduce retirement risk Preview this item
ClosePreview this item
Checking...

Life-cycle investing and leverage : buying stock on margin can reduce retirement risk

Author: Ian Ayres; Barry Nalebuff; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2008.
Series: Working paper series (National Bureau of Economic Research), no. 14094.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
By employing leverage to gain more exposure to stocks when young, individuals can achieve better diversification across time. Using stock data going back to 1871, we show that buying stock on margin when young combined with more conservative investments when older stochastically dominates standard investment strategies?both traditional life-cycle investments and 100%-stock investments. The expected retirement wealth  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy online

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Ian Ayres; Barry Nalebuff; National Bureau of Economic Research.
OCLC Number: 232546327
Notes: "June 2008."
Description: 1 online resource (34, [14] p.) : ill.
Series Title: Working paper series (National Bureau of Economic Research), no. 14094.
Responsibility: Ian Ayres, Barry J. Nalebuff.

Abstract:

By employing leverage to gain more exposure to stocks when young, individuals can achieve better diversification across time. Using stock data going back to 1871, we show that buying stock on margin when young combined with more conservative investments when older stochastically dominates standard investment strategies?both traditional life-cycle investments and 100%-stock investments. The expected retirement wealth is 90% higher compared to life-cycle funds and 19% higher compared to 100% stock investments. The expected gain would allow workers to retire almost six years earlier or extend their standard of living during retirement by 27 years.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


<http://www.worldcat.org/oclc/232546327>
library:oclcnum"232546327"
library:placeOfPublication
library:placeOfPublication
owl:sameAs<info:oclcnum/232546327>
rdf:typeschema:Book
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
<http://id.worldcat.org/fast/1105959>
rdf:typeschema:Intangible
schema:name"Saving and investment"@en
schema:name"Saving and investment."@en
schema:bookFormatschema:EBook
schema:contributor
schema:contributor
schema:creator
schema:datePublished"2008"
schema:description"By employing leverage to gain more exposure to stocks when young, individuals can achieve better diversification across time. Using stock data going back to 1871, we show that buying stock on margin when young combined with more conservative investments when older stochastically dominates standard investment strategies?both traditional life-cycle investments and 100%-stock investments. The expected retirement wealth is 90% higher compared to life-cycle funds and 19% higher compared to 100% stock investments. The expected gain would allow workers to retire almost six years earlier or extend their standard of living during retirement by 27 years."@en
schema:exampleOfWork<http://worldcat.org/entity/work/id/479299884>
schema:inLanguage"en"
schema:name"Life-cycle investing and leverage buying stock on margin can reduce retirement risk"@en
schema:numberOfPages"14"
schema:publisher
schema:url
schema:url<http://papers.nber.org/papers/w14094>

Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.