Portfolios
How Portfolio Rebalancing Works, and What It Actually Fixes
Rebalancing does not chase higher returns. It resets a portfolio to the risk level an investor originally chose, and the evidence shows most of its benefit…
Author
Samuel Achebe
Independent editorial contributor covering science, research and education for VUGA Network publications.
Articles by Samuel Achebe
Portfolios
Asset Location: Which Accounts Should Hold Which Funds
The same three-fund portfolio can lose a fraction of a percent a year to taxes purely by sitting in the wrong accounts — placement is the quiet optimization.
Portfolios
The Real Risk of a Concentrated Single-Stock Position
A position worth 20% of your portfolio can halve your retirement date — the arithmetic of concentration, from Enron's employees to today's RSU holders.
Portfolios
How to Build a Three-Fund Portfolio in an Afternoon
One total US market fund, one total international fund, one total bond fund — three holdings that cover thousands of securities in most of the world's markets.
Portfolios
What Correlation Means for Portfolio Diversification
Diversification only works between assets that do not move together — and 2022 demonstrated that the stock-bond correlation everyone relied on is a regime, not…