Meeting specific goals requires specific returns within a specific timeframe (too many “specifics”)
Traditional allocations (stocks/bonds) leave investors relying on hope and chance
Portfolio modeled after university endowments and pension plans with specific income and growth requirements
- Traditional Investments (stocks/bonds) do well when the market does well
- Defined Outcome Investments reduce downside risk at the “expense” of a pre-defined return
- Alternative Investments provide another source of returns that are uncorrelated to the public markets
