Best Monte Carlo for novices

[davidvonallmen]

I would love to be able to plug in ranges for different factors of my personal finances and Monte Carlo it out, such as how much I earn, how much I have in stocks, bonds, real estate, and see the results.

I know Excel well, but I've never played with Monte Carlo plug ins. Anyone know if there are plug ins that can be used by a fairly intelligent person willing to take the time to learn? Which is the best for (relatively) non-complex modeling?

Thanks so much,

David

 

[xenou]

Possibly this article will be of interest to you:
http://chandoo.org/wp/2010/05/06/data-tables-monte-carlo-simulations-in-excel-a-comprehensive-guide/

The only product I know of that fits your description is Oracle's Crystal Ball (but it's not exactly cheap).

 

[davidvonallmen]

I've found a number of articles, but none of them nearly as good as the link you posted. Thanks, xenou, I really do appreciate it.