You can’t predict the future, of course, but that doesn’t stop some financial professionals from trying. Of the many methods devised to anticipate different possible futures in financial planning, ...

Monte Carlo, an old gambling concept, could have a future in healthcare as an approach to data analytics that allows managers to crunch vast amounts of data in order to support fiscally prudent ...

Important events sometimes occur with too little notice. Occasionally, even a monumental development can escape adequate attention. An example of this occurred on Jan. 9. That day saw a historic ...

There are a few common questions that many clients will eventually ask their financial adviser to answer. How much will my portfolio be worth at retirement? Will I outlive my money? How would my plan ...

Monte Carlo simulations have become a cornerstone in quantitative finance, particularly in the pricing of complex options and in modelling volatility dynamics. This numerical method employs random ...

Learn to simulate stock prices with Excel and gain predictive power over market trends. Our step-by-step guide enhances your ...

It has been said that if you want to start an argument on the Internet, all you need to do is state an opinion. From what I can tell, sharing a fact can do it too. Many times, comments on articles or ...

In the investment world, it’s common to discuss average rates of return. It’s not sufficient, however, to simply add up historical returns and divide by how many there are. Processing Content The ...

Given the volatility of the past two decades in the stock market, starting with the 1987 market crash and ending with last year’s 40% meltdown, investment managers and financial advisers are beginning ...

A recent report, “Risky Business: The Economic Risks of Climate Change in the United States,” co-chaired by Michael R. Bloomberg, Henry Paulson and Tom Steyer, suggests that “by 2050 between $66 ...