Why Stocks Are Riskier Than You Think
Great article in the WSJ this morning about the problems with buy and hold and normal asset allocation. The only part I don't agree with is the using TIPS and some of the risk reduction strategies, this will protect from large losses but it will also protect from gains. Stocks are a great place to invest, just not all of the time. The answer is a tactical portfolio filled with non correlated tactical strategies weighted by a risk parity approach.