Being wealthy doesn't mean having all the money in the world, just not having to worry about it.

Hedging Against Volatility

Question: 1) Does it make sense to split the global equities allocation between the Minimum Volatility Fund and whole-world allocation (e.g., Vanguard’s Total World Fund [VTWSX]) to increase long-term return in exchange for a little more volatility? 2) Can your current recommendation for 10% in cash equivalents serve as your previous 2-3 years’ reserve against Read more »

Has Your Position Changed on Balanced Portfolio?

Question: Several years ago, probably more years than I care to think about, you presented your thoughts on a balanced portfolio that included commodities. The commodities part was not an insignificant percentage, maybe 20%. I jumped right in at that time. At first the commodity part did very well. Here lately, of course, not so well. Read more »