One of the best things about working in finance is that the world changes all the time and our understanding of what works and what doesn’t evolves as well. And from time to time somebody throws down the gauntlet on some of the most dearly held tenets of investment wisdom. The monetarists did that to the Keynesians in the 1960s, the behavioural psychologists to the neoclassical economists in the 1980s, and on a smaller scale the advocates of equal-weighted portfolios to the proponents of modern portfolio theory in the 2000s. And now
I am halfway through Victor Haghani‘s and James White‘s book on the same topic: „The Missing Billionaires“. Those who liked this post of yours will enjoy the book, too.
I penned a similar article a week or so ago, perhaps more aggressive than what you are suggesting but agreeing fully that too conservative of a balance towards bonds really isn't enshrined in history as the ideal investment strategy once you retire. Here's my two cents: https://www.emorningcoffee.com/post/spending-your-retirement-savings
Thanks, Joachim.
I am halfway through Victor Haghani‘s and James White‘s book on the same topic: „The Missing Billionaires“. Those who liked this post of yours will enjoy the book, too.
I penned a similar article a week or so ago, perhaps more aggressive than what you are suggesting but agreeing fully that too conservative of a balance towards bonds really isn't enshrined in history as the ideal investment strategy once you retire. Here's my two cents: https://www.emorningcoffee.com/post/spending-your-retirement-savings