I would like to share this blog post by AMP Capital New Zealand, Four pillars for generating income | AMP Capital, which looks at the four main pillars of an investment framework to deliver a stable and sustainable level of income over time.
The Post challenges some of the conventional wisdoms underpinning the management of traditional portfolios.
The basis of the framework is a goal orientated investment approach.
For those wishing to understand more around Goal Based Investing, this Wikipedia page, which I have contributed to, Goal-based investing may be of interest. The Wikipedia page includes:
- A description of Goal Based Investing (GBI)
- A comparison of GBI to traditional portfolio theory
- History and development of GBI
- GBI in principle
- GBI for the retirement problem
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