Is Your Retirement Portfolio's Asset Allocation on Track?
Some guidance on setting--and not forgetting--your portfolio's stock/bond/cash mix.
Note: This article is part of Morningstar's January 2016 5-Step Retirement Portfolio Assessment Week special report. An earlier version of this article appeared on Jan. 27, 2015.
Investors are often coached on the importance of finding the "right" asset allocation. To be sure, a portfolio's mixture of stocks, bonds, and cash will tend to have a bigger impact on its performance than smaller-bore factors such as security selection.