Details
Goals-Based Portfolio Theory
1. Aufl.
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32,99 € |
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| Verlag: | Wiley |
| Format: | EPUB |
| Veröffentl.: | 29.11.2022 |
| ISBN/EAN: | 9781119906124 |
| Sprache: | englisch |
| Anzahl Seiten: | 256 |
DRM-geschütztes eBook, Sie benötigen z.B. Adobe Digital Editions und eine Adobe ID zum Lesen.
Beschreibungen
<p><b>An in-depth overview of investing in the real world </b> <p>In <i>Goals-Based Portfolio Theory</i>, award-winning Chartered Financial Analyst® Franklin J. Parker delivers an insightful and eye-opening discussion of how real people can navigate the financial jungle and achieve their financial goals. The book accepts the reality that the typical investor has specific funding requirements within specified periods of time and a limited amount of wealth to dedicate to those objectives. It then works within those limits to show you how to build an investment portfolio that maximizes the possibility you’ll achieve your goals, as well as how to manage the tradeoffs between your goals. <p>In the book, you’ll find: <ul> <li>Strategies for incorporating taxation and rebalancing into a goals-based portfolio</li> <li>A discussion of the major non-financial risks faced by people engaged in private wealth management</li> <li>An incisive prediction of what the future of wealth management and investment management may look like</li></ul><p>An indispensable exploration of investing as it actually works in the real world for real people, <i>Goals-Based Portfolio Theory</i> belongs in the library of all investors and their advisors who want to maximize the chances of meeting financial goals.
<p>Foreword by <i>Jean LP Brunel</i>, CFA ix</p> <p>Preface: Goals-Based Investors and the Need for Better Theory xv</p> <p>Acknowledgments xxvii</p> <p>Chapter 1 The Story of the Idea: How Goals- Based Portfolio Theory Came to Be 1</p> <p>Chapter 2 A Theoretical Foundation 11</p> <p>Chapter 3 Allocating Wealth Across Goals and Across Investments 31</p> <p>Chapter 4 Allocating Wealth Through Time 45</p> <p>Chapter 5 Real Markets, Real Risk, Real Portfolios 65</p> <p>Chapter 6 Insurance Through a Goals- Based Lens 85</p> <p>Chapter 7 Impact Investing 97</p> <p>Chapter 8 Taxes and Rebalancing 109</p> <p>Chapter 9 Goals- Based Reporting 125</p> <p>Chapter 10 Fragility Analysis of Goals- Based Inputs 137</p> <p>Chapter 11 Human Risks 147</p> <p>Chapter 12 Prudent Investing with High- Variance Assets: An Experimental Chapter 161</p> <p>Chapter 13 As a Bridge Between Normative and Behavioral Finance 173</p> <p>Chapter 14 The Future Structure of Wealth Management Firms 199</p> <p>Some Final Thoughts 209</p> <p>Index 219</p>
<P><B>FRANKLIN J. PARKER, CFA, </B>is the award-winning author of dozens of peer-reviewed articles and trade publications. He is a CFA charterholder, international speaker, founder of a Texas-based RIA, and a strategic advisor to journals, funds, and wealthy families.
<P><B>HANDS-ON PORTFOLIO MANAGEMENT FOR INVESTORS INTERESTED IN REAL-WORLD RESULTS</B> <p><i>Goals-Based Portfolio Theory</i> is a practical roadmap for real people who wish to skillfully manage their investment portfolios and minimize risk in the real world. The book avoids interesting—but ultimately impractical—academic theorizing and the strategies that only work for massive institutions with effectively unlimited resources in favor of on-the-ground techniques and frameworks that acknowledge the limitations in which most retail investors operate. <p>You’ll learn to redefine risk, contextualize return, and plan for the timed and specific financial goals that everyday investors need and want from their portfolios. The book incorporates tax considerations, goals-based rebalancing and reporting, discusses the major non-financial risks faced by people who manage their own portfolios or use the services of retail-level financial and wealth planners, as well as the surprising implications of a goals-based investment approach. <p>This book is essential reading for real people in the real-world planning for their very real future who want to maximize their chances of achieving their portfolio goals within a specific timeframe. It belongs in the hands of all retail investors and their advisors.
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