Putting It All Together

Abstract

Using the expert advice in this book, you have designed an asset allocation plan appropriate to your needs, worked your way through the question of whether you want indexed or active management (or some of both), determined which fixed income sectors you are willing to take risk in, and considered whether you can find alternative investments that are worth the high cost. Because you have worked your way through Chapter 7, you have also selected a diversified—yet not excessively large—stable of portfolio managers and mutual funds; examined your fees and expenses for places where you can reduce these drags on your long-term performance; and reviewed whether the risks you are taking in your investments have a reasonable chance of compensating you in excess of what they could cost you.