Investing for Life: Why I Believe in Goals-Based Investing (Part 1 of 3)

Never once, in my 15-plus years managing wealth, has someone complained about their portfolio rising too quickly. The inverse, of course, is not true: I’ve fielded plenty of complaints about markets dragging portfolios down. Yet both are examples of volatility, and according to traditional portfolio theory, volatility should be minimized – both on the upside and downside.

Is this reasonable? It depends how you define ‘risk.’  [Keep reading at CityWire…]

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