As a financial advisor, I’ve had the pleasure of helping many clients comfortably reach and enjoy their retirement years. During my career, a few consistent themes have emerged. Clients generally want ...

Monte Carlo simulation is a mathematical technique for considering the effect of uncertainty on investing as well as many other activities. A Monte Carlo simulation shows a large number and variety of ...

This paper illustrates the manner in which two path dependent exotic options (Asian and Fixed Strike Lookback options) can be valued using Monte Carlo simulations on Excel. Though Excel is not a ...