Investment Planning

Free CFA Level III: Private Wealth lesson in Investment Planning. 28 min read, ~4,249 words.

Build allocations from goals-based buckets (liquidity, lifestyle, growth, aspirational) sized by required dollars and time horizon, not one mean-variance frontier. Total wealth equals human capital plus financial capital. Bond-like human capital warrants more equity; equity-like human capital warrants less. Asset location is the highest-leverage tax move: ordinary-income to tax-deferred, tax-efficient...

What this lesson covers

• Content
• Example 1
• Example 2
• Common Mistakes
• Check Your Understanding
• Exam Shortcuts

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