The Aspirational Investor

Taming the Markets to Achieve Your Life's Goals
Narrated by: Brett Barry
Length: 4 hrs and 42 mins
4.3 out of 5 stars (31 ratings)

Audible Premium Plus

$14.95 a month

1 audiobook of your choice.
Stream or download thousands of included titles.
$14.95 a month after 30 day trial. Cancel anytime.
Buy for $18.24

Buy for $18.24

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Publisher's Summary

The chief investment officer of Merrill Lynch Wealth Management explains why goals, not markets, should be the primary focus of your investment strategy - and offers a practical, innovative framework for making smarter choices about aligning your goals to your investment strategy.

Today all of us bear the burden of investing wisely, but too many of us are preoccupied with the wrong priorities - increasing returns at all costs, finding the next star fund manager, or beating "the market". Unfortunately conventional portfolio theory and the grand debates in finance have offered investors only incomplete solutions. What is needed, argues Ashvin B. Chhabra, is a framework that shifts the focus of investment strategy from portfolios and markets to individuals and the objectives that really matter: things like protecting against unexpected financial crises, paying for education or retirement, and financing philanthropy and entrepreneurship.

The Aspirational Investor is a practical, innovative approach to managing wealth based on key goals and the careful allocation of risks rather than responding to the whims of the financial markets. Chhabra introduces his "Wealth Allocation Framework", which accommodates the three seemingly incompatible objectives that must underpin every sound wealth management plan: the need for financial security in the face of known and unknowable risks; the need to maintain current living standards over time despite inflation; and the need to pursue aspirational goals for wealth creation.

Chhabra reveals some surprising facts about wealth creation, reinterprets the success formulas of investing greats like Warren Buffett, and closes the gap between theory and practice by simplifying our understanding of key asset classes and laying out a concise roadmap for identifying, prioritizing, and quantifying financial goals. Raising the bar for what we should expect from our investment portfolios - and our financial advisors - The Aspirational Investor sets us on a path to more confident and fulfilling financial lives.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

©2015 Ashvin B. Chhabra (P)2015 HarperCollins Publishers

What listeners say about The Aspirational Investor

Average Customer Ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    19
  • 4 Stars
    7
  • 3 Stars
    2
  • 2 Stars
    1
  • 1 Stars
    2
Performance
  • 4.5 out of 5 stars
  • 5 Stars
    17
  • 4 Stars
    10
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    1
Story
  • 4.5 out of 5 stars
  • 5 Stars
    16
  • 4 Stars
    8
  • 3 Stars
    0
  • 2 Stars
    1
  • 1 Stars
    2

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    5 out of 5 stars

good alternative framework easily understandable

Inherently uses a "risk budgeting" framework, wherein the buckets are characterised by the hierarchical importance of these goals (hierarchy of needs). it's presented in a manner that is easy digestible to the non investment professional, but still an enjoyable read for those with intermediate knowledge.

  • Overall
    1 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    1 out of 5 stars

Nothing about goal based investing

This book is mostly about the authors way of classifying different investments into three buckets; safety, market and aspiring. I don't agree that it provides "an implementable framework to let you achieve your life's goals" as it's all about the buckets.