As featured in the Seven Hills magazine May 2008 edition: Richard Cayne of Meyer Asset Management in Tokyo Japan explains how asset allocation can sometimes be more important than choosing high growth investments which are all correlated with each other. In other words says Cayne, you don’t want to see all of your assets drop at the same time in a down market. In a properly balanced portfolio one can expect some of the investments to keep steady or even rise when other investments drop. This will help reduce portfolio volatility and ultimately will help deliver an overall better more balanced return.
Seven Hills magazine’s readers are High Net Worth Individuals in Japan