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January 12, 2012

“Where to Put Your Money in 2012”

Burton G. Malkiel wrote “A Random Walk Down Wall Street”  (10th ed., paper, W.W.Norton, 2012).  His article in the January 5, 2012 edition of the “Wall Street Journal” contained many interesting, helpful, and?or profound points.  For example: “Presenting an annual investment outlook is a hazardous task”; “But it is possible to make reasonable long-term forecasts”; and “Whatever the specific mix of assets in your portfolio at the start of 2012, you would do well to follow one crucial piece of advice. Control the thing you can control—minimize investment costs. That is especially important in a low-return environment. Make low-cost index mutual funds or ETFs the core of your portfolio and ensure that any actively-managed investment funds you purchase are low-expense as well.”
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