Monte Carlo simulations take a huge amount of data and possible variables and let you know the chance of a specific outcome. Financial planners use Monte Carlo simulations to look at all sources of cash flow, income from investments, possible market scenarios and predict whether you’ll “make it” in retirement.
While Monte Carlo simulations are a starting point to financial planning, Doug’s interview with Dr. Harry Markowitz titled Can Modern Portfolio Theory Make You a Better Investor? highlights all the options.
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Can you predict what your financial future will look like?
The Goldstein On Gelt Show is a financial podcast. Click on the player below to listen. For show notes downloadable resources, go to https://goldsteinongelt.com/radio-show
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