THE BLOG

Thoughts on bonds

Human Capital

“Human capital should be treated like any other asset class; it has its own risk and return properties and its own correlation with other financial asset classes.”   Ibbotson, Milevsky, Chen and Zhu (2007)

Japan Winning

Expected Portfolio Returns – there are no guarantees

‘How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.’ – Robert G. Allen All investors know that risk and return are related – taking on more (sensible) risk should provide higher returns, over time.  Yet there are no guarantees.  Advisers