Goals-Based Portfolio Theory

HANDS-ON PORTFOLIO MANAGEMENT FOR INVESTORS INTERESTED IN REAL-WORLD RESULTS

Goals-Based Portfolio Theory is a practical roadmap for real people who wish to skillfully manage their investment portfolios and minimize risk in the real world. The book avoids interesting—but ultimately impractical—academic theorizing and the strategies that only work for massive institutions with effectively unlimited resources in favor of on-the-ground techniques and frameworks that acknowledge the limitations in which most retail investors operate.

You’ll learn to redefine risk, contextualize return, and plan for the timed and specific financial goals that everyday investors need and want from their portfolios. The book incorporates tax considerations, goals-based rebalancing and reporting, discusses the major non-financial risks faced by people who manage their own portfolios or use the services of retail-level financial and wealth planners, as well as the surprising implications of a goals-based investment approach.

This book is essential reading for real people in the real-world planning for their very real future who want to maximize their chances of achieving their portfolio goals within a specific timeframe. It belongs in the hands of all retail investors and their advisors.