Chapter 10. Your Benchmark Portfolio...and Beyond
You can think of a traditional asset allocation as a benchmark portfolio in terms of the central argument of this book because there are confirmed ways to improve upon this allocation from time to time. A benchmark is a reference point, and for our purposes, it is a beginning. If you are cyclically inclined, a well-thought-out beginning portfolio that’s allocated to the range of asset classes—such as bonds, large-cap stocks, international stocks, etc.—can serve you throughout your investment career. At times, you will switch or adjust your allocations within this portfolio; at other times, you will leave your allocations just as they are. And although at times your portfolio will look very different ...
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