This week, we have 8 points.
I thought that I would like to make some comments on certain market stuff but I think it will be good to separate them out.
1. Rules of Thumb for your Wealth Planning
This turned out to be one of the most read articles on Abnormal Returns. It is also rather short and easily understandable.
Adam Grossman explains that he has never been a fan of using rules of thumb for financial planning.
Indeed, he cites a very good example. I can give you another.
If we allocate the bond portion of our portfolio allocation based on how old we are, it is possible for someone with multiple properties to be weighted heavily into bonds.
However, given the nature of properties, as well as the high allocation to an asset class that does not get revalued so often, a more appropriate allocation may be a higher equity allocation.