Loading Events

« All Events

  • This event has passed.

Next Boston QWAFAFEW Meeting:  Tuesday, 17 Jul 2018

July 17 @ 6:00 pm - 8:00 pm

| $30

Next Boston QWAFAFEW Meeting:
Tuesday, 17 Jul 2018

SCALING RISK-TAKING WITH PLANNED SURPLUS AND TIME HORIZON

A QWAFAFEW discussion led by:

Jarrod Wilcox
Wilcox Investment Inc and Wealthmate, Inc.

Abstract
Appropriate investment risk-bearing integrates financial planning and investment management.  This talk first illustrates, with simple equations and Monte Carlo simulation, scaling risk-bearing with financial surplus over future withdrawal commitments.  It then similarly illustrates scaling risk-bearing with low probability of shortfall.  In both cases, time-varying risk aversion provides an opportunity for dynamic strategies, though speculative bubbles require compensating inputs to avoid excessive allocation extremes.  The reduction in probability of shortfall from an initial surplus over longer time horizons may scale close to the square root of time, creating an illusion of time diversification.  In contrast, from initial surplus deficit, minimizing shortfall probability is akin to playing Russian roulette.  Allocations based on minimized shortfall probability can be usefully blended with mean-variance allocations, especially for 5- to 15-year time horizons.

Download: wilcox_qwafafew_07172018

Bio
Jarrod has been serving family investors since 2001 through Wilcox Investment Inc.  He has been at various times director of international equities, of currency, and of research, Panagora Asset Management, director of international investments, Batterymarch Financial Management, and chief investment officer, Colonial Management Associates.   Earlier, he was an assistant professor at MIT’s Sloan School and a consultant at The Boston Consulting Group.  Jarrod serves on the advisory board of the Journal of Portfolio Management, and is co-author of the CFA Research Institute ‘s Investment Management for Taxable Private Investors, and of Financial Advice and Investment Decisions: A Manifesto for Change, John Wiley & Sons, 2013.  Current extracurricular activities are centered on Wealthmate, Inc., founded to develop Internet-based financial planning and investment tools.

Time: 6:15 PM sharpe
3rd Floor of the Tennis & Racquet Club
939 Boylston Street

RSVP to hugh@QWAFAFEW.org
Mailing List and Payment Link: http://boston.qwafafew.org/

All annual dues ($150) should be paid to Boston QWAFAFEW by credit card, Bitcoin or check.

By credit card (PayPal)
http://qwafafew.org/BostonPayDues.html

By Bitcoin
Send us Bitcoin, our address is:
153GtwqHHxdHaTh8i1SC1UmZUuFpXN6wye
Please send a separate email identifying your anonymous payment.

By check:
Executive Management Associates
12 Academy Avenue
Atkinson, NH  03811
bostonqwafafewbilling@gmail.com

Please RSVP for all meetings you plan to attend: hugh@QWAFAFEW.org
Guests who do not RSVP may have to wait to enter the meeting, due to space constraints (capacity=100, BFD).

Guest fees ($30) can be paid through EMA (check or PayPal, bring receipt) or bitcoin (at address above).  The $30 guest fee can be paid by bitcoin, cash or check at the door, no credit cards at the meeting.

Please bring exact change (eg: two twenties = $40 Guest Fee).

As always, if you have names or discussion topics, please forward them to any member of the Steerage Committee

Questions, comments:
bostonqwafafewbilling@gmail.com
hugh@QWAFAFEW.org

Steerage Committee:
Hugh Crowther
Dan diBartolomeo
Mike Dunn
Steve Gaudette
Sri Krishnamurthy
Mark Kritzman
John Minahan
Donna Cool Murphy (Dinners)
Larry Pohlman
Dan Potter
Dan Rie
Evan Schulman
Michael Wilcox

The members of the Steerage Committee are responsible for coordinating the program content.

Program suggestions from members are always welcome.

RSVP to: hugh@QWAFAFEW.org

Mailing List and Payment Link: http://boston.qwafafew.org/

Details

Date:
July 17
Time:
6:00 pm - 8:00 pm
Cost:
$30

Organizer

Hugh
Email:
hugh@QWAFAFEW.org

Venue

Tennis & Racquet Club
3rd Floor of the Tennis & Racquet Club, 939 Boylston Street
Boston, MA,
+ Google Map