My default portfolio is empty of assets. I click New Asset, give it a name, the year range is 2006 to 2015, then I click Next. An error box comes up saying "The span of return years must be within the range 0 to 0." This happens with either Real or Nominal Return Type. Also what happened to the default asset types? I must have missed something in the various updates I skipped over.
Regular assets include cash, money market, mutual funds, etc. It appears that all regular assets are lumped together when implementing (selecting) a portfolio in monte carlo mode. Obviously, each of these asset classes have different rates of return. Are these classes treated differently? If not, how can I better segregate these classes?
In arranging my portfolios (taxable, retirement) in Planner Plus, the pre-defined asset choices available do not include a full set of bond (fund) choices, such as short-term and intermediate-term corporate bonds, mid-cap domestic stocks, etc. This forces me to substitute assets I hold with long-term corporates in the model, which I would expect to have wider variance of returns because of interest rate sensitivity during Monte Carlo modeling.
I want my stock allocation to reduce over time, perhaps -1% per year, sometimes called a "glide path". What are good ways to do this in my ES Planner model? Haave you tried this?
The program offers a way to import an asset file ("File"/"Import Asset Data ...") but the way to create this file is not documented in the Help Manual and not mentioned in the Forum. I presume the expectation of ESPlanner-Plus is that the file was created from an external source, but I cannot determine that from the documentation. A similar quandary arises in the Social Security section, where the invitation (via a radio button) to "paste from ssa.gov" is offered but again without documentation nor reference in the Help Manual.
The Monte Carlo Asset Class list contains a number of "dimensional" assets (e.g., Dimensional US Small Cap, Dimensional US Vector Equity Index, etc.). What is meant by "dimensional"? Thanks.
It has been my experience that you don't get the same interest rate for borrowing versus saving - hence banks make money. Does ESPlanner use the same interest rate for negative regular assets (i.e. borrowing money) and positive regular assets (i.e. money in a bank account)? Is this interest rate set by "Assumptions/Nominal RoR/Regular Assets"? If rate is the same for borrowing and saving, then how can I indicate/set a difference? If rate is not the same, explain how ESPlanner accounts for this and how I need to set inputs.
It's a pain, but I created a custom asset by replicating the XML format for one of the DFA funds. That way it's available to all profiles without having to add it multiple times. That also prevents data entry errors.
There's got to a better way. Is there? Maybe just create a way to export XML from an Excel spreadsheet provided by ESPlanner?