chapter 9

Automating Your Asset Allocation Strategy

Establishing an asset allocation strategy does not have to be a “do-it-yourself” exercise. These days, the investment management world is awash in mutual funds and exchange-traded funds available to the retail public that will make some or all of these decisions for you. These funds aren’t necessarily appropriate for all investors, especially if you believe you have the wherewithal to pick stocks better than the pros (or to pick individual stock and bond funds better than professionals). Still, they’re worth considering as a simple solution to satisfy some, most, or all of your asset allocation needs.

Some professionally managed funds will alleviate the burden of having to decide whether to ...

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