Personal Benchmark

Personal Benchmark

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In Personal Benchmark: Integrating Behavioral Finance and Investment Management, Chuck Widger and Dr. Daniel Crosby outline the ways in which a program of embedded behavioral finance, fueled by what matters most to you, can be your protection against irrational financial behavior. Along the way, you'll learn how to improve your investment experience, increase returns formerly sacrificed to misbehavior, and worry less about qThe Economyq as you become increasingly focused on qMy Economy.q Welcome to a new way of investing, a new paradigm for conceptualizing wealth, and a system of turning emotion from your portfolio's worst enemy into its best friend! In this new model, risk is simply the likelihood that we will underperform our dreams. Irrationality is acting in ways that thwart our ability to reach those dreams. And the optimal portfolio is not the one that generates the highest return in abstraction, it is the one that helps us meet our goals without killing our nerves before we get there. This book gives advisors the tools needed to effectively communicate the design and execution of the Personal Benchmark solution.Help Me Resolve My Conflicts Investors bring conflicts to advisors for advisors to solve: Investors want safety and, on the other hand, growth. ... Merrill Lynch, UBS, Edward D. Jones) and investment managers participating in the managed solutions industry (e.g., Lord Abbett, Nuveen, ... Tiburon conference attendees are limited to C-Suite executives from prominent financial services firms. Chip Roame, Tiburona#39;s CEO, emphasized, a€œWe need to care about the fund owner doing well.

Title:Personal Benchmark
Author:Charles Widger, Daniel Crosby
Publisher:John Wiley & Sons - 2014-10-10


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