The Investor's Manifesto by William J. Bernstein

Author:William J. Bernstein
Language: eng
Format: epub
Publisher: John Wiley & Sons, Ltd.
Published: 2010-05-10T16:00:00+00:00

Summary

• A balanced portfolio consists of significant allocations to both stocks and bonds. This minimizes your chances of dying poor. Investing too much in risky assets could have dire consequences in the event of a long-lasting market failure, but so does investing too much in safe assets that will fail to grow your portfolio enough to sustain your retirement needs. Invest in stocks only that money that you will not need for at least a decade or two.

• The overall stock/bond split in your retirement portfolio depends primarily upon your age and tolerance for risk.

• Simple portfolios, consisting of just two stock asset classes (a domestic and a foreign total stock market fund) and one bond asset class can perform surprisingly well. More complex portfolios, particularly those with value and small stock emphasis, may have higher returns, but come at the cost of time and effort. Further, because of fund minimums, complex allocations are suitable only for larger portfolios.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.