Millennials starting on their financial planning have some tough decisions to make. Do they start saving for retirement, or pay down student loan debt? Do they save $1,000 for an initial emergency fund, or get aggressive and shoot for 3-6 months of expenses? Do they contribute enough for the employer 401k match, or go above and beyond? What about a…
Month: February 2017
Home Country Bias and Your Portfolio
Academic research suggests the foundation for a long term investment strategy is a globally diversified portfolio; statistics show the average investor is holding a domestically diversified portfolio. If the evidence from academic research is so strong, what is the disconnect between the evidence and investor behavior? Most investors suffer from a bias towards investing domestically; in the industry, we call this…