Would appreciate discussions, cheers guys.
I’ve been working for 5 years in banking, in particular, with the supervisory stress tests of banks conducted by the Federal Reserve or the BCE (in Europe).
I was wondering why not to apply this process to the personal finance.
This tool would take a holistic view of your finances to make sure you’re not only financially stable but able to handle almost anything thrown your way. The idea is a model which starting from macroeconomic scenarios and risk events, stress your money (expenses, income, retirement fund, assets, debts, insurances, etc) and push you into crash mode, and then, it will help you cope or recover from that.
Submitted March 17, 2019 at 07:20AM by danonino80 https://ift.tt/2TJceBG
