Question of the Week – Portfolio Management

Each of these investment needs corresponds to a specific
type of investor:

Individual investor:
Accumulate capital over the next 30 years to be payable for an uncertain number
of future years

Endowment: Provide
an inflation-adjusted amount, payable for the next 50 years

Defined benefit plan:
Grow the assets over a long term, with varying inflows and outflows each year