Asset Dedication: How to Grow Wealthy with the Next Generation of Asset Allocation (Hardcover) (ISBN-13: 9780071434829)

The first book to close theperilous gaps in--andenhance the performanceof--asset allocation

Asset allocation is one of today's bestknowninvestment approaches. Problem is, its major precept--that a magic-number, fixed-percentage asset mix will providesuperior results for investors who have dramaticallydifferent goals and needs--is scientificallyunproven and fundamentally flawed.

Asset Dedication updates the asset allocationmodel, outlining a seven-step processdesigned to more effectively meet the realneeds of real investors. Showing investorshow to design low-risk portfolios that moreaccurately and successfully dedicate assets, this breakthrough book helps investors fillin the gaps inherent to asset allocation bydemonstrating:

• Techniques for ascertaining the bestasset mix by determining individualneeds and goals
• How asset dedication providessuperior protection against inflationand market risk
• Investing strategies for the threeinvestment life phases--accumulation, distribution, and transfer