utility of monte carlo simulations

[Big_Hitter]

I think Monte Carlo simulations I have seen for retirement simulations are of virtually no value.

They are if you set up the mean-reversion piece correctly.

 

[REWahoo]

I think Monte Carlo simulations I have seen for retirement simulations are of virtually no value.

They are if you set up the mean-reversion piece correctly.

The problem is, no one will know if either of you are correct until it is too late.

 

[Big_Hitter]

True they need to be relatively long term but you will know when your portfolio runs dry.

BTW, thought I'd died and gone to Houston yesterday on the golf course.

 

[REWahoo]

True they need to be relatively long term but you will know when your portfolio runs dry.

Yep, like I said - too late.

BTW, thought I'd died and gone to Houston yesterday on the golf course.

I'm guessing you're referring to temp/humidity, not eau de ship channel...