Returns come in the form of capital gains (i.e. valuation appreciation) and/or dividends from perpetuities.

1. What Are Returns?
Introduction
Michael Herlache MBA
Doctorate of Business Administration Candidate 2020
What are Returns?
Introduction

2. Index
I. Introduction
What are Returns?
Introduction

3. I. Introduction
Returns come in the form of capital gains (i.e. valuation appreciation)
and/or dividends from perpetuities.
What are Returns?
Introduction

4. I. Implications of Returns
Determine your yearly expenses and use this number to back into what
sort of portfolio you need from your perpetuity to cover this.
Ex. Returns from dividend paying ETF (Vanguard) is 2.12%. In order to
generate $15,000 of income, you would need a portfolio size of
$708,000.
What are Returns?
Introduction

5. I. Returns on Asset Classes
What are Returns?
Introduction