FYI: A common axiom is that those who fail to plan, plan to fail. And while most people would never start a business without a business plan, many investors manage their money without an investment plan that identifies their ability, willingness and need to take risk, sets goals (such as the rate of return they require their portfolio to generate), and includes an asset allocation and rebalancing table to provide discipline.
Regards,
Ted
http://www.etf.com/sections/index-investor-corner/swedroe-4-horsemen-your-portfolio?nopaging=1
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