Many investment advisers, financial planners, and others build their strategies around what is known as Modern Portfolio Theory (MPT). A basic understanding of MPT can be helpful to you, since your retirement plan, and other investing efforts are likely based, to some degree, around MPT.
Barry Ritholtz of Big Picture tweeted this morning an interesting article from the Wall Street Journal. People are complaining about Fidelity’s new commission free ETFs, because they charge an exit fee if you own them less than 30 days. If you’re a financial adviser, you must own the ETF for more than 60 days. Seriously, [...]
Everyone works to amass the largest retirement portfolio they can. But how do you know that it will be big enough once you start withdrawing money for living expenses in retirement? There actually is no scientific answer to this question because it is an attempt to predict the future. However there is a convention, known [...]