Advisor Perspectives April 23 Issue

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What is a "Minsky moment"?

When asset bubbles breed financial instability

When markets enter an extended bullish period

Always follows a market collapse

When rising debt leads to a financial depression

What was the Glass-Steagall Act's main goal?

To separate traditional banking activities from trading and investing practices

To allow trading and underwriting in non-government and non-investment-grade securities

To provide more capital and liquidity to spur economic activity

To assign new responsibilities to existing government agencies

What is Lawrence Kotlikoff's solution to calculating Expected Utility Maximization (EUM) for clients?

Using dynamic stochastic programming

Using Monte Carlo simulations

Using mock portfolios as inputs

Using lockboxes

How does the MaxiFiPRO tool do to solve the Expected Utility Maximization (EUM) problem?

It compares expected lifetime utility for the client’s base strategy as well as for two alternative strategies

Solves interdependence between spending and taxation

Solves cash and borrowing constraints

Uses a Monte Carlo simulation

What does Nobel Laureate Bill Sharpe's latest financial textbook cover?

Retirement planning analysis

Matlab

Retirement modeling

Modeling investments

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Advisor Perspectives April 23 Issue

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