If we were to publish a summary version of key themes to be approached in this Blog or to a recommend pocket guide to personal long-term wealth management and investing, this will be the booklet will be aiming for.
Updated yearly, it covers all or almost all the main ideas and principles of personal wealth management and investing in this Blog with charts to illustrate the key points.
It is a short (the 2018 edition has only 28 pages), concise and straightforward (full of data shown in graphs) guide to making better personal investing based on the best financial data.
Using a simple approach and language it explains diversification, the importance of asset allocation, asset allocation, the understanding of risk tolerance and risk capacity, the importance of staying invested, the need to cut down the market noise and focus on the long term and culminates with the retirement challenges.
It includes its subsidiary Ibbotson Associates computation returns of stocks, bonds, treasury bills and inflation for the US since 1926, yearly and over periods of 1, 3, 5 and 10 years. It highlights the importance of staying the course and of length of time in the market. And it presents the longevity risk and how can we better deal with it.
Its only fault is that it only presents data for the US but most of the data and conclusions are similar and applicable to almost any other country.
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