2 – Asset allocating among stocks and bonds hasn’t worked well this century and it’s unlikely to work in the next decade. Modern Portfolio Theory (MPT), which espouses fixed portfolio allocations of stocks and bonds, may not be dead, but it’s critically wounded and has hurt hundreds of thousands of pre-retirees and retirees just in the past 12 years. Folks who retired in 1999 and 2000 have been decimated TWICE in 10 years. Not only were they drawing income off […]
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It’s amazing how powerful the turn of the calendar can be. New Year’s resolutions dominate the landscape with all of the weight loss programs and workout products at the top of the list. I’ve never been a huge “resolution” person, probably since there’s just too much I need to change and it’s a little overwhelming! But each year, I may pick one single project that needs to get done and is manageable. Last year, my office resolution was to become […]
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