Investing and retirement, what to do?

John Nann — Wed, 04 Jun 2008 20:27:00 GMT

Take a look at this recent article.

Ayres, Ian and Nalebuff, Barry J., "Life-Cycle Investing and Leverage: Buying Stock on Margin Can Reduce Retirement Risk" (May 27, 2008). Available at SSRN: http://ssrn.com/abstract=1139110

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.

Faculty Publications

John Nann — Fri, 09 May 2008 20:35:00 GMT

Three recent law review articles by members of the faculty:

Ian Ayres and Gideon Parchomovsky, Tradable Patent Rights, 60 Stan. L. Rev. 863 (2007)

Daniel Markovits, Luck Egalitarianism and Political Solidarity, 9 Theoretical Inquiries L. 271 (2008)

Judith Resnik, No Daubert Hearing Necessary: The Extraordinary Expertise of Margaret Berger, 16 J.L. & Pol'y 6 (2007)

Yale Law Library - Reference Blog : ian ayres

Investing and retirement, what to do?

Faculty Publications