Big caps, small caps, bonds, a touch of international stocks—you think you’re diversified. You probably aren’t. How much have you allocated to British real estate? Where’s your gold?
Investors make two very big mistakes when they put together a portfolio, says money manager Randy D. Kurtz. One is their home bias. Japanese investors buy mostly Japanese stocks and U.S. investors U.S. stocks, missing the greater stability that comes from a cosmopolitan collection of assets.
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