Insights
Notes on preserving capital.
Perspectives on capital preservation, planned monthly cash flow, portfolio concentration and long-term wealth stewardship. Written when there is something worth saying, not on a content calendar.
Article index
· JAAN LAINURM
How much capital do you need for €1,000 a month?
The arithmetic behind a planned €1,000 monthly payout over 20 years, why €240,000 is a reference point rather than a rule, and how fees, returns and withdrawal timing change the answer.
· JAAN LAINURM
Broad Market or Market Leaders: which withdrawal engine?
A balanced comparison of diversified broad-market exposure and a concentrated equal-weighted portfolio of the ten largest S&P 500 companies when capital must also fund monthly withdrawals.
· JAAN LAINURM
Sequence-of-returns risk: why the order of returns matters
Two portfolios can earn the same average return and end with very different capital when money is being withdrawn every month. This is the risk that averages conceal.
Strategies
The strategy pages set out how capital is managed: the income-oriented investment fund, a dedicated fund of one, corporate treasury management, the monthly income plan and governance, custody and risk.
Legal notice
Capital is at risk and the value of investments can fall as well as rise. Return objectives are objectives, not guarantees. This page is informational only and is not an offer, solicitation or investment advice. Access to the fund may be limited to eligible investors under applicable law.