Asset allocation is not that different from what mom told us growing up: don't put all your eggs in one basket. |
Nothing we do today is in a vacuum. Your objectives might change. The economy will change. The tax laws will change. At minimum, you should look at everything in a comprehensive manner on an annual basis. |
They invest in CDs and things are great for a while. But what winds up happening is that milk and butter starts costing them more than they thought and they realize they've sentenced themselves to a reduced standard of living. |