Burton Malkiel wrote the book on index funds – literally -back in the seventies. “A Random Walk Down Wall Street” is still as relevant when it was first published and has been updated this year in the latest edition. Mint talks to him about what’s changed and why index funds are still an individual investor’s best friend.
The bees are buzzing, the flowers are blooming, now is the perfect time for some spring cleaning: roll over that old 401k, dump those high-expense bond funds, and streamline your asset allocation so you can see through the clutter and know where you stand.
Every financial planner agrees you should have an IPS, but I’d be willing to bet actual investable cash that you don’t, because the idea of writing an investment policy statement makes writing a will sound like prom night.
Every investor faces a whole host of challenges in managing their portfolio. Chief among them: deciding not only when to buy, but also when to sell. This is critical when you’re taking profits and when you’re cutting losses.