You're probably right. I was thinking, for example, of a salesperson versus a radiologist, or (the classic example) a tenured college professor. But you can't fine tune things as you say, and there's so much future uncertainty no matter what career you choose.In my opinion that's a red herring. Nobody's human capital is bond-like....Sure, if your human capital is stock-like...
And not all, but the majority of people who know the phrase "asset allocation," and are consciously engaged in setting it, are all people with good steady jobs, probably with 401(k) plans.
I don't believe you can fine-tune based on your occupation because the necessary statistics aren't available--what's the standard deviation of the career salary of a senior software engineer in Madison, Wisconsin? And would be meaningless if they were because you are a sample size of one and your idiosyncratic risk overwhelms anything systematic.
Statistics: Posted by TipsQuestions — Wed Sep 25, 2024 7:30 pm — Replies 31 — Views 2699