The pushback from the weekend’s WaPo column was surprisingly fierce.
If you can tell me what asset classes will perform best each year in advance, than by all means over-weight that sector. But if you are like the other 99.99% of investors, you are probably better off saying to yourself “Why should I guess when I can own them all?
The charts below show returns for asset classes and specifically for fixed income.
Asset Class Returns
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Fixed Income Sector Returns
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Source: J.P. Morgan
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