Detail Don't Put All Your Eggs in One Basket   Oleh:  Droms, William G. ; Wilson, James H. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 187 no. 1 (1999), page 24-32. Topik: PLANNING; retirement planning Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Retirement planning is not as easy as it used to be. Nearly everyone seeks financial independence, but for many reasons financial and otherwise this goal is becoming harder to achieve. Asset allocation is a strategic element of investing for a financially secure retirement, and individual investors with the help of their CPA s must understand how to allocate assets earmarked for retirement, both in and out of retirement plans. Asset allocation is the process investors go through of distributing portfolio investments among available asset categories money market instruments, bonds, stocks, real estate and other assets. Selecting the right asset mix for a diversified portfolio is the single most important determinant of long - term investment performance. In a widely quoted study, Determinants of Portfolio Performance, in the July - August 1986 issue of the Financial Analysts Journal, Gary Brinson, L. Randolph Hood and Gilbert L. Beebower devised a test to gauge the contributions of three investment management activities investment policy (asset allocation), market timing and security selectionto performance. They found that investment policy dominated market timing and security selection. In their analysis of 91 large U. S. pension plans, 94 % of plan performance was the result of asset allocation. In short, the impact of capital allocation among asset classes totally over rides what securities an investor owns within each asset class. In a diversified portfolio, for example, deciding which specific stocks to hold will have much less impact on total performance than deciding the percentage of the total portfolio allocated to equity investments relative to other asset classes. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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