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
Building a coherent set of positions: fund overlap, correlation, position count, home bias, and a rebalancing schedule that survives a busy year.
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…
Portfolios
Asset Allocation by Age: How to Actually Think About It
The old rule of thumb — subtract your age from 110 to get your stock percentage — starts the conversation, but horizon and human capital finish it.
Portfolios
The 60/40 Portfolio: What It Holds and Why It Endures
Sixty percent stocks for growth, forty percent bonds for ballast — a construction whose 2022 stress test explained both its vulnerability and its persistence.
Portfolios
Home Country Bias and What It Costs US Investors
The United States is roughly two-thirds of global equity market value, yet the typical US investor holds far more than that at home — a quiet, compounding bet…