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Asset Allocation: a New Approach (PDF)
Still River Retirement Planning Software
July 9, 2003
4-page document. Excerpt: Fifteen months ago, we issued a paper that examined existing asset allocation models available for individual investors ... and proposed a new approach, the 'Econometric Monte Carlo' (EMC) model.... [But that model] can be used only when the investor can reasonably predict what the pay-outs from the investment fund need to be.... So we have returned to this subject and are further proposing a new, more generalized model: The Econometric Risk Capacity (ERC) Model.
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