Misconception Surrounding The Importance Of The Asset Allocation Decision
By david on Mon, 2010-03-29 21:44
(via disciplinedinvesting.blogspot.com)
Investment advisors will indicate that one of the most important variables an investor needs to determine is their asset allocation. The reason behind this has to do with a study completed over 20 years ago by BHB that indicated that 93.6% of an investor's return is attributable to asset allocation. Roger Ibbotson points to the inaccuracy of that conclusion in this article
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