Is Your Portfolio Keeping Up with Its Required Return?

For many decades most endowments and foundations have been guided by a general 5% payout rule. The genesis of this payout rule was an extension of the 5% mandatory spending rule for private foundations, established in the early 1980s by the IRS, which set the stage for many institutions. Since then the 5% rule has been more broadly applied to the non-profit world as a basic guideline for establishing a spending rule.

Published Works

Over the past twenty years, Michael has written five books on behavioral finance and emotional investing to help clients make better investment decisions and reach their goals. His latest work below on the left is designed to help individuals recognize and better manage their behavioral investing biases in any stage of life or market environment.

Available on Amazon
Available on Amazon
Available on Amazon
Available on Amazon
Available on Amazon