Truth 28. Annuities and asset allocation
"Just as a cautious businessman avoids investing all of his capital in one concern, so wisdom would probably admonish us also not to anticipate all our happiness from one quarter alone."
—Sigmund Freud
If investing were a science, scientists would be rich. Unfortunately for scientists, investing is not a science. Some may prefer to call investing an art, others a crap shoot; but regardless of how you characterize it, successful investing for retirement is a critical activity.
Although investing suffers from no lack of impassioned theorists, it frankly is not subject to rational predictions upon which you can rely in making all your investment decisions. It may be because the return on investments all ...
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