Asset Allocation

The 90% Rule- Why BDCs are Legally Obligated to Make You Rich

The 90% Rule: Why BDCs are Legally Obligated to Make You Rich

Business Development Company, Asset Allocation, Editors Pick, Investing

There’s something wonderfully absurd about a law that forces companies to hand over their profits. It’s like mandating generosity, which sounds about as effective as legislating happiness or requiring spontaneity. Yet this is precisely what happens with Business Development Companies, and the mechanism behind it reveals something fascinating about how we’ve tried to engineer prosperity […]

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Why Your Long-Term Strategy is Failing Your Monthly Returns

Why Your “Long-Term” Asset Allocation is Failing Your Monthly Returns

Asset Allocation, Investing

Every investor has heard the gospel of long-term thinking when it comes to asset allocation. Buy and hold. Stay the course. Time in the market beats timing the market. These mantras get repeated so often they’ve become financial scripture. But here’s the uncomfortable truth: while you’re busy being patient and strategic, your portfolio might be

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