Assets should serve a purpose: to fund a lifetime of financial goals. If assets serve the
purpose of funding lifetime goals, it naturally follows that optimal lifetime asset allocation …

Taxes introduce certain complexities, requiring proper adjustments to return and risk
parameters. The author offers a refined set of after-tax return and risk equations for use in …

We compare the empirical distributions of equity and fixed-income returns at different time
horizons and find that the risk of equities relative to fixed income is more acute at short time …

Credit risk exposure of a cash provider in a repo transaction is limited to'double default
events' when the counterparty and the issuer of the underlying collateral asset both default …

529 Plan Investment Advice: Focusing on Equity Concentration and Fees | Financial
Planning Association Skip to main content Accessibility Main Menu Financial Planning …

The 529 plan is a tax-advantaged investment opportunity whereby the contributor sets aside
money for the education-related expenses of a beneficiary. The number “529” refers to the …

This chapter illustrates ways in which the asset allocation process must be adapted to
accommodate specific asset owner circumstances and constraints. It addresses adaptations …

—Daniel Kahneman (Lewis [2016]) What portion of the profits from your investments ends
up in your wallet? This is a simple and important question, but getting the answer is …

Like any information system, a risk management information system can only be as good as
the quality of the underlying data used, the ability to model this information, and the ability to …