This paper investigates the optimal investment portfolio with stock, defaultable zero-coupon bond, treasury bond and money market account when the investor faces default risk. 研究了投资者面对违约风险时,在由可违约零息债券、股票、国债及货币市场账户组成的投资组合之间进行最优投资的问题。
If your money is stowed in a " safe " investment, like a low-yielding savings or money market account, you 'll never see how inflation is gobbling up virtually all of your return. 如果你的钱集中在所谓的“安全”的投资中,例如低回报的存款或者货币市场基金,你将远不会了解通是如何在实质上吞噬你所有的回报的。
To keep these incidents from running you into debt, you need to have an emergency stash in an easily accessible account, preferably a money market account ( they earn a little more interest than regular savings accounts ). 为了避免因为这些事而让自己背负债务,你需要准备一个随时可用的紧急账户,比较好的是货币理财账户(比起一般的储蓄账户,它们赚到的利息会更多一点)。
They talked us into believing that our homes would appreciate enough to buy retirement and that putting money in the stock market was better than a savings account. 他们忽悠我们,让我们相信我们的房子可以增值,这样我们就买得起养老保险。他们让我们相信把钱放进股票市场比存在银行要好。