Log Optimal Portfolios for the Poor: A New Proposal for Log Optimal Wealth Creation for Low Income Families
15 Pages Posted: 13 May 2011 Last revised: 5 Sep 2011
Date Written: May 12, 2011
This article aims to propose the creation of a marketplace mechanism that can create significant wealth for the poor and low income citizens of a nation. The innovative approach described here is to create legislation that allows for the creation of a new product for investment targeted to low-income families. The distinguishing feature of this product is that it creates wealth without imposing negative externalities on the wealthy or future generations as traditional policy tools like taxes do.
Keywords: behavioral finance, poverty, log optimal portfolios, public policy, innovation, wealth creation
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