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    The Aspirational Investor: Taming the Markets to Achieve Your Life's Goals
    The Aspirational Investor: Taming the Markets to Achieve Your Life's Goals
    The Aspirational Investor: Taming the Markets to Achieve Your Life's Goals
    Audiobook4 hours

    The Aspirational Investor: Taming the Markets to Achieve Your Life's Goals

    Written by Ashvin B. Chhabra

    Narrated by Brett Barry

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    About this audiobook

    The Chief Investment Officer of Merrill Lynch Wealth Management explains why goals, not markets, should be the primary focus of your investment strategy—and offers a practical, innovative framework for making smarter choices about aligning your goals to your investment strategy.

    Today all of us bear the burden of investing wisely, but too many of us are preoccupied with the wrong priorities—increasing returns at all costs, finding the next star fund manager, or beating “the market.” Unfortunately conventional portfolio theory and the grand debates in finance have offered investors only incomplete solutions. What is needed, argues Ashvin B. Chhabra, is a framework that shifts the focus of investment strategy from portfolios and markets to individuals and the objectives that really matter: things like protecting against unexpected financial crises, paying for education or retirement, and financing philanthropy and entrepreneurship.

    The Aspirational Investor is a practical, innovative approach to managing wealth based on key goals and the careful allocation of risks rather than responding to the whims of the financial markets. Chhabra introduces his “Wealth Allocation Framework,” which accommodates the three seemingly incompatible objectives that must underpin every sound wealth management plan: the need for financial security in the face of known and unknowable risks; the need to maintain current living standards over time despite inflation; and the need to pursue aspirational goals for wealth creation.

    Chhabra reveals some surprising facts about wealth creation, reinterprets the success formulas of investing greats like Warren Buffett, and closes the gap between theory and practice by simplifying our understanding of key asset classes and laying out a concise roadmap for identifying, prioritizing, and quantifying financial goals. Raising the bar for what we should expect from our investment portfolios—and our financial advisors—The Aspirational Investor sets us on a path to more confident and fulfilling financial lives.

    LanguageEnglish
    PublisherHarperAudio
    Release dateJun 2, 2015
    ISBN9780062395283
    Author

    Ashvin B. Chhabra

    Ashvin B. Chhabra is the chief investment officer of Merrill Lynch Wealth Management, Bank of America. Merrill Lynch is one of the world's largest brokerage and wealth management firms, with over $2 trillion in client balances. Prior to his current position, he was chief investment officer at the Institute of Advanced Study in Princeton, New Jersey. He is widely recognized as one of the founders of goals-based wealth management and for his seminal work "Beyond Markowitz," which integrates modern portfolio theory with behavioral finance. Ashvin grew up in New Delhi and received his PhD in applied physics, in the field of chaos theory, from Yale University, where he also met his Italian-born wife, Daniela Bonafede-Chhabra. He resides in Princeton with his wife, their daughter, Maya, and son, Sasha.

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    Reviews for The Aspirational Investor

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    • 4/5
      This book really helps you organize your thoughts about investing and financial planning. I have read many financial planning and investment books but this one really upgrades your thoughts a bit more. I like you how the book teaches you to think about your whole capital including your human capital and how you should optimize your retirement by thinking about your human capital and what you want to achieve. Not about beating the market but achieving your ideal retirement. For those who know about finance, read the last chapters, they are more useful and insightful.
    • 5/5
      ?great book for any investor. Lots of good common sense.
    • 3/5
      So this book is okay if you are interested in find out different ways in investing your money. It focuses on your goals and aspirations to your investments rather than just the basic concept. Its pretty easy to understand if you know what you are looking for to put your money into. There are many tips and tricks to follow and read up on that may help you out in the long run. For people who don't really understand investing this book can be hard to read and understand and get lost in. I for one had lost myself more than several times, but I think it's just because I don't really have a true understanding of investing my money to try to make more out of it. If you have certain financial goals that you want to achieve then you should read this book.(Please Note: I have recieved this book from GoodReads First Reads, in exchange for a review.)