Strategische Asset-Allokation aus Sicht des privaten Kapitalanlegers

The strategic asset allocation is the most important decision an investor undertakes. An adequate foundation requires a multi-step, structured process. The investor needs a realistic view of capital market behaviour and has to examine his own goals, his risk tolerance and maybe further restrictions. Formal portfolio selection models can support the allocation decision. But the discussion of the various decision parameters clearly shows that any allocation decision uses a substantial number of subjective and individual assumptions and assessments.