‘How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.’ – Robert G. Allen
All investors know that risk and return are related – taking on more (sensible) risk should provide higher returns, over time. Yet there are no guarantees. Advisers will often talk about target or expected returns from portfolios needed to deliver the financial goals of the client. Where do they come from and how can they be used sensibly?