Advisers keep making the same portfolio errors. They keep suggesting more stock holdings than corporate bonds in the investor’s earlier years, in the assumption that stocks will earn more.
This with the further hypothesis that there will be no heavy future inflation and that past high stock return records were accurate.
They also never utilize or even consider the principles of duration, and that bonds will return higher income with future inflation. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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