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Managing Family Wealth

In: Household Finance

Author

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  • Dimitris N. Chorafas

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

Suggested Citation

  • Dimitris N. Chorafas, 2013. "Managing Family Wealth," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Household Finance, chapter 6, pages 131-153, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-29945-1_6
    DOI: 10.1057/9781137299451_6
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