Cancel List of Bookmarks About a decade ago, I got a Netflix subscription and was amazed that the Internet now provided immediate access to so many thousands of movies on my own computer screen. Back then, nearly all Netflix content was licensed from the major studios and depending upon contract negotiations might annually disappear, so when I happened to browse my account again in December, I noticed that a couple of films on my selection list included warning notices saying they would no longer be available on January 1st. Lee Harvey Oswald, a disgruntled young marine had defected to the USSR in and finding life behind the Iron Curtain equally unsatisfactory, returned to America a couple of years later.
Asset Allocation Asset allocation refers to the division of one's investment portfolio across the various asset classes.
At the highest level, this refers to a split between stocks and bonds.
Many more finely defined sub-asset allocations are also common. Ian Ayres and Barry J. This outstanding paper discusses the idea of spreading one's stock exposure more evenly across their lifetime, which should then reduce the riskiness surrounding the ending wealth.
Here's an excellent website where the authors discuss this idea. Here's the outstanding book where they elaborate in depth on this idea. This outstanding article covers the same ground as the "Diversification Across Time" paper above, but at a level which is more readable for the layperson.
Randolph Hood, and Gilbert P. This was the paper which revolutionized portfolio construction by emphasizing the importance of asset allocation. It found that, on average, Further, it found that active management resulted in an annual reduction of 1.
Singer, and Gilbert P. Bogle, " The Riddle of Performance Attribution: Vanguard's founder concludes that, while asset allocation is very important, controlling costs is also very important. Much of the advice presented to investors during periods of unusual market activity should be ignored.
It is more important to rebalance the retirement portfolio on the basis of a change in risk aversion, rather than on the conditions in the financial markets.
Pragmatic advice on asset allocation. For a smaller file version, see here kb. This paper studies the relative efficacy of various asset classes as inflation hedges. It finds that treasury bonds are a complete hedge against expected inflation. It also finds that private residential real estate is a complete hedge against both expected and unexpected inflation.
Gibson, " A Timely Reminder: The recent market tumult offers a perfect opportunity to remember the advantages of a diversified, balanced portfolio ," Financial Planning, October An excerpt from Mr. Gibson's outstanding book, Asset Allocation: Another outstanding version of his timeless message, reprinted from its original appearance in this Journal in March This study builds on Reichenstein and Sibley papers below.
Steven Horan, " An alternative approach to after-tax valuations ," Financial Services Review, 16pp.Halloween might not be until next month, but rest assured if Tuesday was any indicator, every scare tactic in the book will be employed this week by the frightening liberals.
Altruist's mission is to provide Superior Objective Financial Advice to the Public in a Highly Ethical Fashion at the Lowest Feasible Price.
Altruist is a fee-only financial advisor. We have a money-back guarantee, which is almost unheard of in the industry. Over a very tense first meal Mrs Focker whips out her scrapbook of Gaylord's childhood.
She comes () to a picture of a rabbi holding a baby and starts describing Gaylord's ashio-midori.com Fockers gleefully tell how the heater was broken that winter and the mohel couldn't get "the turtle to come out of its shell.".
Hollywood and the music industry are big mind control centers, used by the Illuminati to influence us in ways that fit their goals. We have seen many great artists come and go over the years, and as we think about it they have influenced us quite a lot in different ways.
As a follow-up to Tuesday’s post about the majority-minority public schools in Oslo, the following brief account reports the latest statistics on the cultural enrichment of schools in Austria.
Vienna is the most fully enriched location, and seems to be in roughly the same situation as Oslo. Many thanks to Hermes for the translation from ashio-midori.com Comments → Why Ben Shapiro Is A Total Fraud.
Ezekiel May 6, at am. Okay – a lot to take in, for someone who just recently started taking politics seriously, but damn. This is an evisceration.