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  "documentTitle": "optimal leverage presentation",
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  "authorName": "J.P. Morgan",
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  "notes": "The chart uses a box-plot style visualization to show median wealth and CVaR (5th percentile) across different leverage scenarios.",
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      "text": "Adding modest leverage adds risk to enhance the likelihood of higher returns, but without moving to a completely different type of portfolio.",
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      "text": "Range of projected wealth values: Year 15",
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      "kind": "disclaimer",
      "text": "* We typically do not recommend adding leverage to Growth-modeled portfolios as these types of portfolio are already positioned for more aggressive risk/return potential. Source: J.P. Morgan Portfolio Construction, November 2011. This projection is for illustrative purposes only...",
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      "text": "Projected wealth value: $29.2",
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      "text": "Adding modest leverage adds risk to enhance the likelihood of higher returns, but without moving to a completely different type of portfolio. Assumptions in hypothetical scenario: Initial net value = $10 million; output is net of leverage and does not include taxes; long-term borrowing = 3.5% (a longer-term estimate of cash + 100 basis points).",
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      "text": "The top of each bar represents the \"95th percentile\" wealth value... The bottom of each bar represents the \"5th percentile\" wealth value... The white line indicates the median... CVaR: The average allocation value in the worst 5% of the simulations.",
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      "text": "A look at the potential impact of leverage at year 15",
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