Life Insurance Pricing Example
The net payment cost index assumes that the insured person will die at the end of a specified period, such …
private wealth management
Framework for Individual Risk Management
In general, risk management for individuals is the process of identifying threats to the value of household assets and developing an appropriate …
Human and Financial Capital
An investor’s total wealth is composed of both human capital and financial capital. Human capital (HC) is the discounted present value of expected future …
Managing Risk of Investment Real Estate
A single investment in a real estate asset can be large and constitute a significant portion of an investor’s assets, …
Managing Risk of Private Business Equity
Privately held businesses may be more concentrated, the standalone and nonsystematic risk tends to be very high, and the asset …
Yield Enhancements and Other Strategies
Investors can enhance the yield of a concentrated stock position while decreasing its volatility by writing covered calls against some …
Equity Monetization
Investors holding a concentrated position can (1) hedge against a decline in the price of a stock, (2) defer the …