The universal financial truth is that we can develop a financial plan specific to our unique circumstances and desires.
One doesn’t need advanced physics to understand that there are many possible courses our lives and investments may follow; the challenge is figuring out which are most likely to occur. Ultimately, the possibilities are endless, but there will only be one path with one outcome. Regardless of whether infinite parallel worlds exist, we are relegated to only one of them, and we must plan accordingly. At the same time, there is utility in contemplating a broader set of potential outcomes to help enhance risk management on multiple levels.
The universal financial truth is that we can develop a financial plan specific to our unique circumstances and desires. Further, that plan can become more robust by a) considering a broader set of outcomes to drive the allocation framework itself and b) incorporating the world beyond stocks and bonds into our investment selection, aka the alternative investment universe.
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