The Largest Determinant of a Retirement Plan’s Return
In the beginning of this book, I introduced the following graphic, the Road Map to Financial Success, which shows the flow chart to get you on your way to a healthy portfolio.
The first step in building any financial plan is asset allocation. “Asset allocation” is the technical name for the process within which an investor determines how much of his or her assets should be put into stocks, bonds, cash, real estate, or any other asset class. This process should not be ...