The goals-based investing framework is designed to maximize the probability of achieving our goals. This is a different objective than “maximizing our portfolio return” or “minimizing portfolio risk” and requires that we explicitly define, quantify, and prioritize our goals for all years in our investment time horizon. Once our goals are organized by priority and
Q4 2013
Integrative Wealth Management: Our View Over the past half-century, our American health care system has evolved from a model dominated by general practitioners— physicians treating a geographically concentrated group of patients across a wide range of ailments—to one dominated by specialists, each of which treats an ever-growing number of patients with a progressively narrower set
Q3 2013
Sticking to Your Investment Diet Government statistics tell us that more than one-third of Americans are obese1, a fact that is affirmed by television, radio, and magazine advertisements promoting an endless variety of diets and weight-loss plans. These range from well-reasoned and medically sound approaches to the latest fad diet or celebrity-endorsed regimen. All have
Q2 2013
I-Harmony: Marrying Investment Goals and Assets The goals-based approach to investing seeks to maximize the probability of achieving each investor’s unique financial goals. This framework recognizes that certain goals have a higher priority than others, and that higher priority goals should be funded with portfolios exhibiting less variability or uncertainty in their future outcomes. In
Q1 2013
Asset Classes, Risk, and Return: A Post-Modern Perspective Asset classes are the building blocks used to construct an investor’s strategic asset allocation. By arranging these blocks astutely, an investor can diversify portfolio risks and improve his chances of achieving personal financial goals. Traditionally, investors focused on three major asset classes: Cash, Fixed Income, and Equities,
