Ben,
I must say the TPAW is fantastic! As my financial planning awareness evolves I found myself looking for something that was focused on holding risk constant, as opposed to the AA. The combination of Victor Haghani's book The Missing Billionaires and the TPAW Planner has really helped me understand and appreciate the Merton share and its use in retirement planning. Many thanks to you.
One small, very minor comment/recommendation. In the PDF Report generated in the tool, it would be helpful to include the actual RRA value along with the reported risk tolerance value. To put some context around the comment, when comparing TPAW to similar tools (eg the Portfolio Calculator on the Elm Wealth website: https://elmwealth.com/portfolio-calculator/) or calculating the Merton share, for example, the TPAW risk tolerance value of 12 by itself isn't terribly useful whereas the corresponding RRA value of 3.06 is.
A question or two. It seems that TPAW and Elm are taking a more or less similar in approach and will lead to more or less similar results. Do you feel this is the case? In your estimation, is using Elm an appropriate option for people interested in the TPAW like approach but not interested in self-managing the constant (monthly) rebalancing required for successful implementation?
Happy Holidays!
I must say the TPAW is fantastic! As my financial planning awareness evolves I found myself looking for something that was focused on holding risk constant, as opposed to the AA. The combination of Victor Haghani's book The Missing Billionaires and the TPAW Planner has really helped me understand and appreciate the Merton share and its use in retirement planning. Many thanks to you.
One small, very minor comment/recommendation. In the PDF Report generated in the tool, it would be helpful to include the actual RRA value along with the reported risk tolerance value. To put some context around the comment, when comparing TPAW to similar tools (eg the Portfolio Calculator on the Elm Wealth website: https://elmwealth.com/portfolio-calculator/) or calculating the Merton share, for example, the TPAW risk tolerance value of 12 by itself isn't terribly useful whereas the corresponding RRA value of 3.06 is.
A question or two. It seems that TPAW and Elm are taking a more or less similar in approach and will lead to more or less similar results. Do you feel this is the case? In your estimation, is using Elm an appropriate option for people interested in the TPAW like approach but not interested in self-managing the constant (monthly) rebalancing required for successful implementation?
Happy Holidays!
Statistics: Posted by medchemguy — Fri Dec 27, 2024 2:21 pm — Replies 1220 — Views 316066