Abstract
Chapter 5 brought to the reader’s attention that a household has assets and liabilities. Its assets may be the house where it lives, other houses bought for rent (or speculation), cars, appliances and financial investments — such as money in the bank (savings and time deposits), equities and bonds. Some households have invested in derivative financial instruments (see section 6.4), the so-called “alternative investments”, which is very unwise.1
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Notes
See D.N. Chorafas, Alternative Investments and the Mismanagement of Risk, Palgrave Macmillan, London, 2003.
See D.N. Chorafas, An Introduction to Derivative Financial Instruments, McGraw-Hill, New York, 2008.
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© 2013 Dimitris N. Chorafas
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Chorafas, D.N. (2013). Managing Family Wealth. In: Household Finance. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9781137299451_6
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DOI: https://doi.org/10.1057/9781137299451_6
Publisher Name: Palgrave Macmillan, London
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