Where did the Quantexts Monte Carlo model come from?
Quantext developed the Monte Carlo model that drives the Quantext Retirement Planner and Quantext Portfolio Planner in 2004. We built this product because we perceived a need for a product and training materials to help people improve their own portfolio planning. A wide range of studies have shown that people simply do not have the right kinds of tools to plan effectively for retirement, and the Retirement Planner is designed to meet this need. There are many papers about financial planning using this model, as well as comparisons to other Monte Carlo tools, and basic financial statistics at www.quantext.com The Quantext Monte Carlo tools are designed to help people with personal portfolio management and allows for a wide range of different planning functions. Geoff Considine, Quantext’s founder, has worked on Monte Carlo portfolio management applications for more than eight years.
