TY - JOUR T1 - Comparing Risks Among Adaptive Investment Planning Strategies JF - The Journal of Wealth Management SP - 50 LP - 56 DO - 10.3905/jwm.2015.17.4.050 VL - 17 IS - 4 AU - Steven Cosares Y1 - 2015/01/31 UR - https://pm-research.com/content/17/4/50.abstract N2 - The author presents a scheme that will help investors and financial advisers compare adaptive strategies for maintaining a robust financial plan over a time horizon. The article describes some methods for setting reasonable and attainable financial goals and suggests a schedule of investment allocation decisions designed to meet those goals. Monte-Carlo simulation provides data regarding the potential long-term outcomes associated with an adaptive plan. With this model, a number of different metrics for investment risk can be calculated to help the investor achieve an appropriate trade-off between minimizing investment risk and maximizing the probability of meeting or exceeding a portfolio target.TOPICS: Wealth management, simulations, portfolio construction, performance measurement ER -