During this uncertain pandemic situation, the number of investors is increasing all over the
world. Nevertheless, this trend does not indicate the right investment decision, especially for …

The article presents a goal-based portfolio optimization approach that is truly native to the
goal-based environment. It begins by redefining risk as the probability of failing to attain a …

Nonprofit organization leaders increasingly encounter social burdens and financial
difficulties, jeopardizing ongoing success and organizational sustainability. The purpose of …

We propose a dynamic portfolio optimization procedure which uses markets to predict asset
returns as well as risks. Differing from other approaches to outperformance, we couch this …

This seminal work introduces a portfolio construction framework for risk-averse investors that
aims to meet, or exceed, a return objective or liability coverage obligation. The author …

This article aims to examine the effect of objective-based investment and investment
experience on investment decisions made by investors to overcome bias or errors in …

During the current pandemic, the number of investors in Indonesia is increasing rapidly. It is
an exciting thing how novice investors make decisions and face risks. On investment to …