Goals-Based Portfolio Theory [Hardcover]

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 youll achieve your goals, as well as how to manage the tradeoffs between your goals.

In the book, youll 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 like

An 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.

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 6lóº