{"product_id":"goal-based-investing-theory-and-practice-9789811240942","title":"Goal-based Investing: Theory And Practice","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eGoal-based investing is a new paradigm that is expected to have a profound and long-lasting impact on the wealth management industry. This book presents the concept in detail and introduces a general operational framework that can be used by financial advisors to help individual investors optimally allocate their wealth by identifying performance-seeking assets and hedging assets. Grounded in the principles of asset pricing and portfolio optimisation, the goal-based investing approach leads to the design of investment solutions that truly respond to investors' problems, which can most often be summarized as follows: secure essential goals with the highest confidence level and maximize the chances to reach aspirational goals.A series of case studies guides the reader through the implementation of goal-based investing, illustrates the efficiency of this paradigm and explains how one can accommodate a variety of implementation features such as taxes, short-sales constraints, parameter estimation risk, as well as limited customisation.","brand":"World Scientific Publishing Co Pte Ltd","offers":[{"title":"Default Title","offer_id":51047262257495,"sku":"9789811240942","price":66.5,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9789811240942.jpg?v=1750970879","url":"https:\/\/bookcurl.com\/products\/goal-based-investing-theory-and-practice-9789811240942","provider":"Book Curl","version":"1.0","type":"link"}