ABSTRACT
ACCORDING TO YOUR average Wall Street firm, investing is, if not exactly easy, then at least simple. It all comes down to a relatively basic series of steps:
1. Develop a financial goal. 2. Assess the tolerance for risk (that is, determine
the acceptable level of volatility). 3. Evaluate the client’s time frame. 4. Consider the historical return and correlation
ratios of various asset classes and invest in
a portfolio of funds that, in hindsight, would have accomplished the financial goal articulated in Step 1.
