The breakthrough technique that outperforms asset allocation--and
takes your portfolio to the next level. .
Over the past two decades, asset allocation has become the holy
grail of investment techniques. Experts championed it, brokers and
financial planners sold it, clients bought it, and few questioned
the wisdom of trying to squeeze widely varying investors and their
financial goals into prefabricated "one size fits all" allocation
Problem is, asset allocation has significant flaws in the way it
is used today, especially for personal investors. "Asset
Dedication" exposes these flaws, corrects them, and propels
investors and advisors into the next generation of personal
investing. This revolutionary book introduces asset dedication, an
investment program based on the latest techniques in modern
financial management technology that will allow you to: . . Improve
a portfolio's performance by constructing a seven-step,
personalized asset dedication program . Design financial strategies
tailored to fit the three investing phases of life--accumulation,
distribution, and transfer . Build a flexible but passive
set-it-and-forget-it portfolio that matches or exceeds actively
managed portfolios without high fees and "loads" . .
The time is long past for the shortcomings of asset allocation
to be revealed and repaired. "Asset Dedication "shows how to build
a personalized portfolio, one that has been proven through
extensive backtesting to consistently outperform asset allocation
and meet "your" financial wants and needs over both the short- and
""New ideas often take a long time to replace old ideas. The
purpose of this book is to introduce a new idea: asset dedication.
It is a strategy that works. The evidence is here."--From Chapter
To anyone who has taken the time to look, it has become clear
that asset allocation has severe drawbacks. Chief among those is
the focus on applying static, set-in-stone formulas to a narrow
range of "model" portfolios and forcing a wide range of investors
to follow them. This may help brokers to quickly pigeonhole
investors into pre-set allocation models with their generic,
impersonal formulas, but fails to provide truly customized
portfolios. Meeting the widely varying needs, resources, and goals
of individual investors precisely and safely is exactly where asset
allocation falls short, and reveals its own fundamental flaws.
"Asset Dedication "breaks the monopoly that asset allocation has
held over individual investors. It provides a rationale for why
each dollar is invested in stocks, bonds, or cash and how to
dedicate the precise amount in each asset class to do the job it
does best--no more, no less: . . Just enough cash to meet emergency
needs . Just enough in bonds to provide sufficient and steady
income . Everything else in stocks for long-term growth . .
Asset dedication represents the first major shift in investment
strategy since the popularization of asset allocation in the 1980s.
Historical comparisons show that it achieves better performance
than the traditional and often arbitrary fixed-formula asset
allocation approach. .
Asset allocation is about to replaced by a new technique that
promises to shift the ways in which investors at every level,
especially retirees, approach their investment decisions. "Asset
Dedication "introduces you to this focused new approach, showshow
to break the stranglehold that asset allocation holds on your
portfolio, and helps you, once and for all, to become the master of
your current and future financial success..
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