Comments on: Balancing your portfolio in a bonkers market Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 By: mikedever Tue, 27 Sep 2011 14:01:25 +0000 While Mr. Israelsen definitely advances the discussion by adding additional funds to further diversify the conventional 60/40 portfolio, it is simple to improve on this even further. In my book “Jackass Investing: Don’t do it. Profit from it.,” I introduce the concept of “Return Drivers” (they replace “asset classes,” which I classify as an archaic artifact of our investment past). This allows for “true” portfolio diversification. In the “Action Section” for the book I then show a specific “Free Lunch” portfolio that produces both greater returns and less risk than either the 60/40 or Mr. Israelsen’s portfolio, using just ETFs and mutual funds. You can learn more at or