If you have read some finance books, you would be acquainted with the traditional asset allocation.

The traditional asset allocation model typically explains the different kind of assets. They are typically stocks, bonds, cash. The finance books will explain how you should allocate between these three asset classes, when you should allocate them and in what way.

We continue with some excerpts from an outstanding personal finance book Family Inc.

You can read my introduction to this book in this article.

This article is enlightening if you have started investing for a while, perhaps a few years, and are wondering more deeper about how your portfolio should be like if your situation is…. different.

Specifically, how do you factor in your assets and liabilities out of your investment portfolio?

In this article, Doug McCommick, the author of Family Inc tries to provide a different perspective

Doug first explains that what