The marvel of money bags for financial goals

Consider a retired couple with investments in a number of mostly equity funds. Like most people, they have different expenses and needs. They need a particular amount every month for their household expenses; an emergency fund that can be withdrawn at short notice; a larger amount for a family-related event in three years; and finally an amount that can be used to fund their expenses well into the future as prices rise and needs change. The couple have chosen their mutual funds well, but are still uncertain about whether they are on the right track. Their needs are ordinary, and yet they are not confident if their portfolio will do the job for them. If their predicament sounds eerily familiar, it is because most of us nurse the same fear. An overwhelming number of active investors are not sure about whether and how their investments will take care of their financial goals. Clearly, t

This article was originally published on June 18, 2020.