Fewer Is Better

Every once in a while, but not that often, the Wall Street Journal runs an article that is useful to the average 401(k) investor and doesn’t add to Wall Street’s coffers. There is an article in today’s edition that advocates a portfolio consisting of three low-cost mutual funds or ETS, i.e. index funds. Having said that simple is better, the article then goes on to add complexity with a discussion of asset classes and portfolio rebalancing. In fairness to the author - who could be Jason Zweig...