Lifecycle Investing by Ian Ayres
A New, Safe, and Audacious Way to Improve the Performance of Your Retirement Portfolio
Argues that individuals should treat future labor income as an asset that affects optimal portfolio risk, viewing much of one’s human capital as relatively safe and therefore justifying a much higher equity allocation (and even modest leverage) when young, then gradually shifting into safer assets as wage-earning capacity declines; the book lays out models, empirical evidence, and practical lifecycle-fund designs showing how rebalancing, diversification across life and financial assets, and age‑adjusted allocations can improve retirement outcomes while managing volatility and drawdown risk.
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- Published
- 2006
- Nationality
- American
- Length
- Unknown
- Pages
- Unknown
- Original Language
- English
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