When I first retired, I had Vanguard do a investing plan for me. It cost me 400.00 and was allocated across many asset classes. I studied it for a long time.I took about 60% of the advice and then filled in the rest with my plan. I was determined to "do this myself". I kept about 6% for short term trading.I plugged inVanguards suggestions into a yahoo portfolio and have watched it grow over the last seven years. I have only beaten it by a few percent every year. That does add up over the years.when I become old and drifty, I will be happy as a clam to turn it over to vanguard to run.Emerging Markets. Several years ago Bill Gross of Pimco was advising a move into emerging markets, he said he had put a HUGE percent of his personal IRA into EM. I don't remember the % but it was way overweighted to any normal weighting. So I put in 10% into Vanguards EM. Over the following year I increased it to 20%. After about three years of up-trending , I became uncomfortable with the allocation and dropped it back to 10%.Last summer I got a letter from Vanguard expressing worry about Emerging Market. It encouraged cutting back the allocation. it discussed "reversing to the mean", yada yada.So, i cut it back to 4%, and bought some individual foreign stocks instead.Vanguard EM is still going up, after last summers correction.
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