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- 2011-7-2
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Financial market risk-risk in retirement, Confused
Reading 19-lifetime financial advice:Human capital, asset allocation and life insurance.
As mentioned Financial market risk is one of the three primary risks destroy desire lifestyle in retirement.
While it says "Financial market risk can be redused by modern portfolio theory (diversification)", I am confused here.
I think Financial market risk=system risk, diversification can only reduce unsystem risk.
so why Financial market risk can be redused by modern portfolio theory (diversification)? |
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发表于 2011-7-11 15:22
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