RT Journal Article SR Electronic T1 Portfolios for Investors Who Want to Reach Their
Goals While Staying on the Mean–Variance Efficient Frontier JF The Journal of Wealth Management FD Institutional Investor Journals SP 25 OP 31 DO 10.3905/jwm.2011.14.2.025 VO 14 IS 2 A1 Sanjiv Das A1 Harry Markowitz A1 Jonathan Scheid A1 Meir Statman YR 2011 UL https://pm-research.com/content/14/2/25.abstract AB How can investors construct portfolios that help them reach their goals, such as a comfortable retirement for themselves, a bequest for their children, and college education for their grandchildren? Are such portfolios on the mean–variance efficient frontier? How can advisors discuss investment risk with clients whose risk tolerance varies by goal—low for retirement and higher for bequests? These are the questions answered in this article. The authors show that advisors can help clients construct portfolios that take clients to their goals while also leaving them on the mean–variance efficient frontier.TOPICS: Portfolio construction, performance measurement