on Apr 19, 2011
The prevailing wisdom is that investors, whose ability and inclination to face risk declines over time, should rebalance their portfolio as they age. More specifically, it is assumed that investors should invest more heavily in stocks when they are young, and then gradually shift from stocks to bonds over time. Near their retirement date, it is accepted that they should be primarily invested in high quality bonds whose volatility is much lower than that of stocks.
on Jan 22, 2011
The SEC’s much anticipated recommendation is out: Brokers should be held to the fiduciary standard.