Baby boomers are by far one of the wealthiest generations the world has ever seen. The fact that there are more than 70 million people in this demographic helps but it’s also true that this is one of the luckiest generations in history when it comes to returns on financial assets. These are the total...| A Wealth of Common Sense
Asset allocation is a dial that you can use to adjust the risk and expected return of the portfolio up or down. And, for the most part, that’s it. Anybody who expects more than that — anybody who expects any magic (additional return without additional risk, or a reduction in risk without a corresponding reduction in expected return) from clever asset allocation — is likely to be disappointed.| Oblivious Investor