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need to know
Avon reports wider-than-expected loss
PepsiCo profit up 31%, but outlook is soft
SNB chairman won’t rule out further rate cuts
Sweden cuts interest rate further below zero
Total CEO sees oil price rising at end of 2016
European stocks knocked to lowest since 2013
FTSE 100 hits lowest level since 2012
Dollar at lowest vs. yen since late 2014
Shell cancels $14.4 billion bridge credit facility
Hong Kong stocks dive as selloff kicks in

The greatest bull market of all time probably isn’t what you think it is
Greatest bull market ever likely isn’t what you think

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Rio Tinto swings to loss, drops dividend policy
Total narrows loss on fewer write-downs
Glencore copper, zinc output falls on cutbacks


Twitter is showing Wall Street critics were right
Twitter adds new timeline feature

Jeb Bush says Donald Trump would be worse than Obama
Jeb Bush says Trump would be worse than Obama
Christie, Fiorina drop out of presidential race

FBI has closed in on Oregon refuge holdouts

North Korea reportedly executes top general

India to pick up China’s slack in oil demand

BP CEO calls for cuts to carbon emissions
If you’re bullish on oil, these stocks are buys

Which of Europe’s Piigs might fly?
Which of Europe’s Piigs might fly?


The 10 toughest investment decisions

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


Yellen: Fed isn’t sure negative rates are legal
Yellen doesn’t expect to reverse Fed rate hike
Yellen gets into heated exchange at hearing
Bond market, Yellen face off on negative rates

Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Hearing loss now hits 1 in 3 Americans over 65
Hearing loss now hits 1 in 3 Americans over 65

A break for zombie-fighting Amazon developers
Why Apple, Amazon, Starbucks are successful
Amazon up after new share buyback plan

REIT bonus targets at heart of Brixmor scandal

Private-equity firms now buying back their own shares

Has college financial aid totally backfired?

Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

/conga/frontpage.html 367703

Markets »

12.63MDow Volume:
Avg Vol: 131.80M
Unchanged
133
Decliners
4596
Advancers
815
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,672 -243 1.53%
Nasdaq
/quotes/zigman/12633936/realtime 4,233 -51 1.19%
S&P 500
/quotes/zigman/3870025/realtime 1,825 -27 1.48%
GlobalDow
/quotes/zigman/629063/realtime 2,049 -31 1.51%
Gold
/quotes/zigman/33772884/delayed 1,241 +47 3.92%
Oil
/quotes/zigman/2260836/delayed 26.86 -0.59 2.15%
FTSE 100
/quotes/zigman/3173262/delayed 5,571 -102 1.79%
DAX
/quotes/zigman/2380246/delayed 8,829 -189 2.09%
CAC 40
/quotes/zigman/3173214/delayed 3,933 -129 3.16%
FTSE MIB
/quotes/zigman/1482176/delayed 15,922 -793 4.74%
IBEX 35
/quotes/zigman/2759620/delayed 7,832 -311 3.82%
Stoxx 600
/quotes/zigman/2380150/delayed 306 -9 2.94%
Asia Dow
/quotes/zigman/6959860/realtime 2,438 -16 0.63%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,952 -807 3.40%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.50%
Yen
/quotes/zigman/16008150/realtime/sampled 112.29 -1.06 0.93%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 -0.01 0.47%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.07%
DXY Index
/quotes/zigman/1652083/delayed 95.43 -0.40 0.41%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.73 -0.15 0.17%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.61 -0.06 3.65%
German 10y
/quotes/zigman/15866409/realtime 0.20 -0.04 17.63%
Italy 10yr
/quotes/zigman/15866497/realtime 1.71 +0.07 4.01%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 +0.05 2.89%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.32 -0.09 6.65%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 27 -1 2.15%
Gold
/quotes/zigman/33772884/delayed 1,241 +47 3.92%
Corn
/quotes/zigman/25518691/delayed 360 -1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,602 -264 1.66%
S&P F
/quotes/zigman/43106711/delayed 1,817 -30 1.62%
Silver
/quotes/zigman/32655632/delayed 16 +0 2.96%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.92 -1.08 -1.07%
AAPL /quotes/zigman/68270/composite 94.20 -0.07 -0.07%
GOOG /quotes/zigman/59527964/composite 674.35 -9.77 -1.43%
BAC /quotes/zigman/190927/composite 11.38 -0.61 -5.05%
C /quotes/zigman/5065548/composite 35.49 -1.92 -5.13%
F /quotes/zigman/264304/composite 11.21 -0.13 -1.11%
T /quotes/zigman/398198/composite 36.28 -0.15 -0.41%
BP /quotes/zigman/247026/composite 27.18 -0.86 -3.07%
GE /quotes/zigman/227468/composite 27.98 -0.33 -1.15%
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

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SmartMoney Blogs

Encore
A blog about living in and planning for retirement

Why Asset Allocation May Not Matter

Are you worried about having the right mix of stocks and bonds in your nest egg? A new study indicates that asset allocation might not be as important to your long-term financial health as making better use of other retirement-planning tools, including working longer, controlling spending or taking out a reverse mortgage.

The report, from the Center for Retirement Research at Boston College, is titled, appropriately enough: “How Important Is Asset Allocation to Financial Security in Retirement?” The various holdings within a person’s retirement accounts typically play an early and prominent role in dealings with financial advisers. But given the relatively small size of most nest eggs (less than $100,000 for those approaching retirement), researchers at Boston College set out to determine whether other “levers” could have an equally large – or larger – effect on financial security in later life.

To that end, the study engages in three exercises. First, researchers looked (by means of an Excel spreadsheet) at the tradeoff between investment returns and time spent in the labor force. Second, using actual household data from the University of Michigan’s Health and Retirement Study, the center examined how the gap between retirement resources and retirement needs is affected by different strategies (controlling spending, etc.).

Third and last, researchers looked at the value for the average household of moving to an optimal investment portfolio from a typical conservative portfolio.

With all three exercises, the findings were essentially the same: Asset allocation played a relatively minor role in creating a secure retirement. The one exception, in some instances: households in the top decile of wealth distribution (more than $500,000). But even here, the study notes, the “importance of asset allocation was…less than one would expect.”

The upshot: Financial planning tools, the report concludes, “frequently highlight the asset allocation decision, suggesting that individuals have a lot to gain by adopting a more optimal allocation of stocks and bonds.” But financial advisers “will be of greater help to their clients if they focus on a broad array of tools – including working longer, controlling spending, and taking out a reverse mortgage.”

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 17)

View all Comments »
    • In fact when someone doesnit understand after that its up to other visitors that they will help, so here it takes place.

    • Shocking to find out that asset allocation doesnt matter if you dont have any assets!!!
      Save a lot, then get a good asset allocation to make it grow!

    • my neighbor’s mother-in-law brought in $17078 past week. she is making an income on the computer and bought a $387800 house. All she did was get blessed and apply the clues laid out on this site (Click on menu Home more information) http://goo.gl/U7KuT

    • I suspect this isn’t the best placement for this article due to (hopefully) the readers here are either worth over $1/2M or young, and saving.

    • Asset Allocation is important if you have assets to allocate. If you don’t have the money, as several previous comments mention, asset allocation certainly doesn’t matter. For this comment I define asset allocation as the percentage of stocks, bonds, cash or other investment vehicles—–not including the domicile. Of course, where you invest whatever you have, total return is the key. As one comments points out it certainly is better to expand your $100K to $200K by the correct investment rather than cutting it to $50K in the wrong investment.I n over 22.5 years I can tell you that the best place is enough equities (stocks or stock mutual funds)to make you portfolio grow. We have generally maintained about a 70% stock, 25% bond and 5% cash over that period. We control our withdrawals very-very carefully and have been able to grow the asset base 283% in the 22.5 years giving us a cushion as we age out of our mid-70′s.

About Encore

  • Encore examines the changing nature of retirement, from new rules and guidelines for financial security to the shifting identities and priorities of today’s retirees. The blog also explores news that affects retirement, from the Wall Street Journal Digital Network and around the web. Lead bloggers are reporter Catey Hill and senior editor Jeremy Olshan. Other contributors include The Wall Street Journal’s retirement columnists Glenn Ruffenach and Anne Tergesen; the Director for the Center for Retirement Research at Boston College, Alicia Munnell; and the Director of Research for Pinnacle Advisory Group, Michael Kitces, CFP.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

need to know
Avon reports wider-than-expected loss
PepsiCo profit up 31%, but outlook is soft
SNB chairman won’t rule out further rate cuts
Sweden cuts interest rate further below zero
Total CEO sees oil price rising at end of 2016
European stocks knocked to lowest since 2013
FTSE 100 hits lowest level since 2012
Dollar at lowest vs. yen since late 2014
Shell cancels $14.4 billion bridge credit facility
Hong Kong stocks dive as selloff kicks in

The greatest bull market of all time probably isn’t what you think it is
Greatest bull market ever likely isn’t what you think

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Rio Tinto swings to loss, drops dividend policy
Total narrows loss on fewer write-downs
Glencore copper, zinc output falls on cutbacks


Twitter is showing Wall Street critics were right
Twitter adds new timeline feature

Jeb Bush says Donald Trump would be worse than Obama
Jeb Bush says Trump would be worse than Obama
Christie, Fiorina drop out of presidential race

FBI has closed in on Oregon refuge holdouts

North Korea reportedly executes top general

India to pick up China’s slack in oil demand

BP CEO calls for cuts to carbon emissions
If you’re bullish on oil, these stocks are buys

Which of Europe’s Piigs might fly?
Which of Europe’s Piigs might fly?


The 10 toughest investment decisions

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


Yellen: Fed isn’t sure negative rates are legal
Yellen doesn’t expect to reverse Fed rate hike
Yellen gets into heated exchange at hearing
Bond market, Yellen face off on negative rates

Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Hearing loss now hits 1 in 3 Americans over 65
Hearing loss now hits 1 in 3 Americans over 65

A break for zombie-fighting Amazon developers
Why Apple, Amazon, Starbucks are successful
Amazon up after new share buyback plan

REIT bonus targets at heart of Brixmor scandal

Private-equity firms now buying back their own shares

Has college financial aid totally backfired?

Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

/conga/frontpage.html 367703

Markets »

12.65MDow Volume:
Avg Vol: 131.80M
Unchanged
126
Decliners
4589
Advancers
840
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,675 -240 1.51%
Nasdaq
/quotes/zigman/12633936/realtime 4,233 -50 1.17%
S&P 500
/quotes/zigman/3870025/realtime 1,825 -27 1.46%
GlobalDow
/quotes/zigman/629063/realtime 2,049 -31 1.51%
Gold
/quotes/zigman/33772884/delayed 1,242 +47 3.93%
Oil
/quotes/zigman/2260836/delayed 26.85 -0.60 2.19%
FTSE 100
/quotes/zigman/3173262/delayed 5,571 -102 1.79%
DAX
/quotes/zigman/2380246/delayed 8,829 -189 2.09%
CAC 40
/quotes/zigman/3173214/delayed 3,933 -129 3.16%
FTSE MIB
/quotes/zigman/1482176/delayed 15,922 -792 4.74%
IBEX 35
/quotes/zigman/2759620/delayed 7,832 -311 3.82%
Stoxx 600
/quotes/zigman/2380150/delayed 306 -9 2.94%
Asia Dow
/quotes/zigman/6959860/realtime 2,438 -16 0.63%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,952 -807 3.40%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.50%
Yen
/quotes/zigman/16008150/realtime/sampled 112.29 -1.06 0.93%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 -0.01 0.47%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.07%
DXY Index
/quotes/zigman/1652083/delayed 95.43 -0.40 0.41%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.73 -0.15 0.17%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.61 -0.06 3.65%
German 10y
/quotes/zigman/15866409/realtime 0.20 -0.04 17.63%
Italy 10yr
/quotes/zigman/15866497/realtime 1.71 +0.07 4.01%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 +0.05 2.89%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.32 -0.09 6.65%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 27 -1 2.19%
Gold
/quotes/zigman/33772884/delayed 1,242 +47 3.93%
Corn
/quotes/zigman/25518691/delayed 360 -1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,602 -264 1.66%
S&P F
/quotes/zigman/43106711/delayed 1,817 -30 1.62%
Silver
/quotes/zigman/32655632/delayed 16 +0 2.96%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.97 -1.03 -1.02%
AAPL /quotes/zigman/68270/composite 94.23 -0.04 -0.04%
GOOG /quotes/zigman/59527964/composite 674.35 -9.77 -1.43%
BAC /quotes/zigman/190927/composite 11.37 -0.61 -5.09%
C /quotes/zigman/5065548/composite 35.49 -1.92 -5.13%
F /quotes/zigman/264304/composite 11.22 -0.12 -1.06%
T /quotes/zigman/398198/composite 36.29 -0.14 -0.38%
BP /quotes/zigman/247026/composite 27.18 -0.86 -3.07%
GE /quotes/zigman/227468/composite 27.97 -0.33 -1.17%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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MarketWatch Portfolio

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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/41663/composite GLD+3.33%
  • /quotes/zigman/118681/composite TSLA+5.40%
  • /quotes/zigman/20039/composite CSCO+9.02%
  • /quotes/zigman/59392505/composite NUGT0.00%
  • /quotes/zigman/5280737/composite DDD+10.66%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration