The year 2013 was a bully one for stocks, but what will 2014 bring? And more importantly, what can you do to prepare for it.
You can, and probably should, aim to rebalance, but how do you do that when bonds have become as tricky as stocks?
That's the issue Princeton University
professor Burton Malkiel
investigates the issue in a column in the Wall Street Journal
In the article the author of A Random Walk Down Wall Street
, debates the best candidates for allocation targets, including developing country debt and U.S. municipal bonds, many of which are now relatively cheap due to the bad press from the Detroit and Puerto Rican debt debacles. He also suggests high-quality stocks.
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