Use of Monte Carlo simulations in Financial Planning
This is a guest post by Jitendra Kumar, Sr.Business Analyst- Fiserv. Mr Kumar is a certified financial planner. His additional qualifications include MBA and Certification in Investment & Portfolio Mgmt. (IIMB). He is also a certified associate of the Indian institute of bankers (CAIIB). ~~~~~ Traditional Financial Planning works on certain assumptions on returns, risk, inflation, savings growth…
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