While managing an investment portfolio, we need to consider diversification. Be it asset class, regions/countries, sectors or even companies, diversification helped to spread the risk across positions. Hence, we have the adage of “do not put your eggs in one basket”. We can do our due diligence in diversifying by selecting appropriate investments to fit our portfolio, there is one asset that, despite our best efforts to “control” it, it is not possible to do so. And that asset is time. Different investment portfolios, as I had stated before, perform well at different points of time, e.g., a United States (U.S.) based 60/40 equities/bond portfolio performed better than the U.S. based Bedokian Portfolio between the years 2011 and 2020, but it is vice versa for the 2001 to 2010 timeframe. And that is not all; what if we decided to drawout the portfolio and it so happened on a very bad year, like in 1997, 2009 or 2020?...