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The Household Endowment Model: Wealth Planning for Affluent Families
Your wealth should not live and die with the downturns and upticks of the stock market.
But if your advisor stuck you with a prehistoric investment model of stocks and bonds, your heart drops--along with your portfolio value--any time the market takes a tumble. You're ready to escape the volatility and mitigate the risk in your portfolio, but you're not sure where to turn. Everywhere you look, it's the same approach packaged differently.
In The Household Endowment Model, Vince Annable shares a comprehensive solution to protecting your wealth. In part one, he walks you through how to design a portfolio that utilizes alternative investments like real estate, private equity, and venture capital. Since these assets don't move in sync with the stock market, you get improved stability and none of the volatility. Once your portfolio is stabilized, Vince dives into every aspect of holistic wealth management: tax planning, estate and business planning, asset protection, charitable giving, and more.
When the work is done, you'll enjoy the SWAN effect and sleep well at night.
But if your advisor stuck you with a prehistoric investment model of stocks and bonds, your heart drops--along with your portfolio value--any time the market takes a tumble. You're ready to escape the volatility and mitigate the risk in your portfolio, but you're not sure where to turn. Everywhere you look, it's the same approach packaged differently.
In The Household Endowment Model, Vince Annable shares a comprehensive solution to protecting your wealth. In part one, he walks you through how to design a portfolio that utilizes alternative investments like real estate, private equity, and venture capital. Since these assets don't move in sync with the stock market, you get improved stability and none of the volatility. Once your portfolio is stabilized, Vince dives into every aspect of holistic wealth management: tax planning, estate and business planning, asset protection, charitable giving, and more.
When the work is done, you'll enjoy the SWAN effect and sleep well at night.
180 pages, Paperback
Published November 10, 2019
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Displaying 1 - 2 of 2 reviews
May 16, 2020
This book essentially parrots the virtues of the investment strategy used by Yale's endowment. Namely, devoting a large percentage of one's investment portfolio to non-correlated (i.e., not correlated to movements of the stock or bond markets) "alternative investments". This would include private equity, private debt, commodities, real estate, etc. These investments are generally offered in private offerings to accredited investors. While I agree entirely with the investment philosophy, I felt the book lacked any information about how to go about finding these types of alternative offerings (although it implies that you can hire the author's firm as a financial advisor in order to be connected with these opportunities).
April 5, 2021
Fantastic Read to Better investing
This is a much better way to invest for better returns AND less risk. A great read for any investors.
This is a much better way to invest for better returns AND less risk. A great read for any investors.
Displaying 1 - 2 of 2 reviews