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Before you act on the Arnott article, What was the holding period? For each of the strategies if you're willing to do a lot of shuffling here and there and there and here in an IRA may be then maybe it makes sense not to go with a broad market cap weighted index. Believe me nobody trades stocks/ETFs in and out precisely or even approximately, monthly or yearly, in real life, like predicted by theory. Not even the geniuses on MI (not a dig on Jim but the MI board as a whole)
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