Dr. Paul Kaplan

speaker
479 appearances 1 recordings 1 series first heard Jul 2026 last heard 9 Jul

Dr. Paul Kaplan’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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This is saying your financial wealth is 37.5% in stocks, 50% in bonds, and 12.5% in cash.
This is telling you where you're at right now.
That's why up here it says your current asset allocation.
So this is where you are, and this is the direction where things might go.
In order to get the actual asset allocations, you can't get it from the spreadsheet.
You have to use the net worth optimization model.
But this is just designed to give you kind of a sense of where you would go on this.
You might end up with a more cash-oriented portfolio.
Human capital is really big in bonds, 76%.
And then the same thing, liabilities and net worth, so it breaks it down.
So these are meant to be kind of indicative.
If you have a very cash-like liability, like the life insurance in this case, it's very cash-like because life insurance premiums aren't going to fluctuate with the stock market.
You just pay them year in and year out.
So that's when this example was leading to a high cash allocation.
Risk tolerance.
For sure.
Because that's going to determine your overall S allocation.
It's going to be driven by that risk tolerance.
And so risk tolerance here is set to 55%.
What we've done in this example is we've said, okay, then your total asset allocation, ideally, we would like to get your S allocation of your net worth to be at 55% equity.
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