chapter 8

Incorporating other assets

This book is about making portfolio management straightforward and efficient. The overall message is simple:

  • Recognise that you are a rational investor.
  • Create a very simple investment portfolio consisting of minimal risk assets and the broadest possible equity index, perhaps adding other government and corporate bonds.
  • Think about your risk profile and how it may change over time and as the world around you changes. Adjust your portfolio accordingly.
  • Implement the portfolio in a way that is tax efficient. The suggested portfolio will already be extremely liquid, which is great. Get help on taxes if you need it.
  • Make sure you purchase the portfolio in the most cost-efficient way. This is worth a bit ...

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