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Money managers under the microscope
from Reuters Money:
Lazy portfolios win again in 2010
Those of you who diligently invest from reclining chairs with passive portfolios, rejoice! You had another good year without doing much of anything.
Not only did you get more out of life by not watching business TV channels, stock prices on your smartphone or fretting over the latest blip on Wall Street, you built up your retirement portfolio without much effort.
Those of you who thought you were smart and safe by piling all of your money into bond funds, turn off your TV. There's a better way.
One of the best approaches last year -- as in most years -- was to cover the major asset classes in one portfolio. This doesn't involve guessing whether stocks, bonds or real estate will be hot. You place almost equal amounts of money in every major category.
