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Q3 2011: Another Test for 2010 Target Date Funds
The third quarter of 2011 was impressively bad. The S&P 500 Index lost 13.9% for the quarter. The VIX, the standard measure of market volatility, repeatedly closed above 40 during this quarter....
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Asset Allocation: An Alternative View
In a recent article, I analyzed a model portfolio designed by Money magazine, in conjunction with analysts at Morningstar. The focus of my piece was whether I could reconcile the projections of risk...
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The Peril of Underfunded Public Pensions
There is no question that the promises made by state government pension plans are a major challenge to the future financial health of U.S. states. Many states pensions are already dramatically...
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The Biggest Unknown in Financial Planning
In a recent blog post, I reviewed a new book on the future of the Equity Risk Premium (ERP). For those who are not familiar with the ERP, it is the additional return that investors expect to receive...
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