Goals-Based Portfolio Theory (eBook)

Franklin J. Parker (Autor)

eBook Download: EPUB

2022 | 1. Auflage
256 Seiten
Wiley (Verlag)
978-1-119-90612-4 (ISBN)

Infos

An in-depth overview of investing in the real world In Goals-Based Portfolio Theory, 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. In the book, you ll find: Strategies for incorporating taxation and rebalancing into a goals-based portfolio A discussion of the major non-financial risks faced by people engaged in private wealth management An incisive prediction of what the future of wealth management and investment management may look likeAn indispensable exploration of investing as it actually works in the real world for real people, Goals-Based Portfolio Theory belongs in the library of all investors and their advisors who want to maximize the chances of meeting financial goals.

Autor

FRANKLIN J. PARKER, CFA, 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.

Inhalt

Foreword by Jean LP Brunel, CFA ix

Preface: Goals-Based Investors and the Need for Better Theory xv

Acknowledgments xxvii

Chapter 1 The Story of the Idea: How Goals- Based Portfolio Theory Came to Be 1

Chapter 2 A Theoretical Foundation 11

Chapter 3 Allocating Wealth Across Goals and Across Investments 31

Chapter 4 Allocating Wealth Through Time 45

Chapter 5 Real Markets, Real Risk, Real Portfolios 65

Chapter 6 Insurance Through a Goals- Based Lens 85

Chapter 7 Impact Investing 97

Chapter 8 Taxes and Rebalancing 109

Chapter 9 Goals- Based Reporting 125

Chapter 10 Fragility Analysis of Goals- Based Inputs 137

Chapter 11 Human Risks 147

Chapter 12 Prudent Investing with High- Variance Assets: An Experimental Chapter 161

Chapter 13 As a Bridge Between Normative and Behavioral Finance 173

Chapter 14 The Future Structure of Wealth Management Firms 199

Some Final Thoughts 209

Index 219

Produkt-Details

• Erscheint lt. Verlag: 29.11.2022
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management
• Schlagworte: Finance & Investments • Finanz- u. Anlagewesen • Personal Finance / Financial Advising • Private Finanzen / Beratung • Private Finanzplanung
• ISBN-10: 1-119-90612-1 / 1119906121
• ISBN-13: 978-1-119-90612-4 / 9781119906124