…if we implemented the absolute best asset allocation strategy starting in 1972 – and paid just 1% in management fees and 1.25% in mutual fund fees, the best asset allocation strategy would instantly turn into the worst.
A remarkable thing happened in the week or two leading up to Christmas – and it’s worth noting for those of you with money exposed to the market.
I recently ran across an article written by Morgan Housel – a columnist for the Motley Fool and the Wall Street Journal. These are some great nuggets – and worth passing on – edited only for brevity.
As I speak with groups, I’m continually amazed by 401k plan participants who will argue – often vociferously – that they pay nothing to participate in the company plan.