, or the enormous debts governments are taking on as they try to rescue their economies. He says the concentration in tech stocks like Microsoft and Amazon is also a warning sign.
With that in mind, Allen says the most important thing an investor can do today is get their asset allocation right. And it's just as important to be patient and not overreact to the latest developments. "The thing that really, really hurts investors, is number one, trying to market time and then number two, investing based on what's just happened," he said.
While Allen thinks the next few years are going to be good ones for active management, he says it's possible to create a very effective and safe portfolio for the next few years using just a handfulFirst allocation: 50% to stocks Allen thinks the market is shaping up to perform like it did in the disappointing 2000s, a long stretch where major indexes were essentially flat after multiple recessions. He's projecting an annual return of about 2% for the S&P 500 over the next seven years, compared to about 8% for emerging markets stocks."We're underweight equities relative to fixed income and alternatives," he said.
I can build you a perfect portfolio with two ETFs.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PHOTOS: Look inside a pre-Revolutionary war mansion in Charleston - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
I'm leaving Robinhood for a hands-off, long-term investing strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. blackenterprise Essence BlackAmericaWeb Buy Gold. The end. Great Choice...
Source: BusinessInsider - 🏆 729. / 51 Read more »
5 investing themes, strategies for post-coronavirus landscape: BofA - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Latest trend: Ignoring price to earnings
Source: BusinessInsider - 🏆 729. / 51 Read more »
4 fund managers share small-cap stock picks, strategies amid coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tradeweb hires former Citadel exec to lead data strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Headline is too long
Source: BusinessInsider - 🏆 729. / 51 Read more »
LRW Group helped develop LA's COVID-19 testing strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »