Asset Dedication

Book cover of Asset Dedication: How to Grow Wealthy with the Next Generation of Asset Allocation

Book description

This book presents the breakthrough technique that outperforms asset allocation - and takes your portfolio to the next level. Over the past two decades, asset allocation has become the holy grail of investment techniques. Experts championed it, brokers and financial planners sold it, clients bought it, and few questioned the…

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Why read it?

1 author picked Asset Dedication as one of their favorite books. Why do they recommend it?

Wade Pfau

Author

Stephen Huxley and J. Brent Burns bring the topics of dedicated portfolio theory and asset-liability management to life by discussing how to think about retirement investments in a new manner.

They discuss how bonds can be used to meet upcoming expenses, while stocks and other growth investments are earmarked for longer term expenses. This allows each asset class to perform as it was meant. Bonds provide fixed income rather than being used in an asset allocation model that treats them as less risky versions of stocks.

In 2022, we were all reminded how both stocks and bonds can lose value.…

From Wade's list on preparing you for retirement.