The Humble Arithmetic of Portfolio Management [View article]
Thoughtful piece but let us write to the unanointed.
1.What do you consider "actively managed" ? 2.How old is the "client". 3.Are we asking about the power of the 401K and the like. 4.The power of cost averaging over time. 5.Being certain that you or your investor novice is watching the activity within a fund....mind you not critisizing holdings that may be off or sleeping better as the top % holdings are hot.
With re-invested dividends and monthly contributions into a Roth or Traditional IRA or both, a good fund, time tested, would have the donor wish he/she never heard of bonds muchless 60/40.You want bonds ? Buy convertibles debentures with a minor stake.
The Humble Arithmetic of Portfolio Management [View article]
1.What do you consider "actively managed" ?
2.How old is the "client".
3.Are we asking about the power of the 401K and the like.
4.The power of cost averaging over time.
5.Being certain that you or your investor novice is watching
the activity within a fund....mind you not critisizing holdings
that may be off or sleeping better as the top % holdings are
hot.
With re-invested dividends and monthly contributions into a Roth
or Traditional IRA or both, a good fund, time tested, would
have the donor wish he/she never heard of bonds muchless
60/40.You want bonds ? Buy convertibles debentures with a
minor stake.
Great piece and all prosper.
Tom