When privatization takes place, it is followed by a process akin to cannibalization. Polite society call its cherry picking and the World Bank refers to it as unbundling.
When privatization takes place, it is followed by a process akin to cannibalization. Polite society call its cherry picking and the World Bank refers to it as unbundling.
In two years, my allocation of $39,000 should look like this:
25% cash
0% bonds
28% real estate (since my mortgage is young, I’m not really building equity yet)
46% stocks
Asset allocation is a lot like driving: You decide where you want to go, and then you pick the fastest route.
The destination is your financial goal, whether it’s salting away money for grad school or for retirement. The fastest route can vary, of course, but what you try to do is put your money into the riskiest asset groups you can stand (because, long-term, those are the ones making the most money). To cut down some of that risk, you diversify, putting your money in a variety of kinds of asset groups, so they won’t all plunge downward at once.
So there he was on stage, taking the oath of office, promising a new beginning, a new era in co-operation, and a new, aggressive outlook to the future. George “Dubya” Bush is here, and everything is going to be swell.
The world took a collective breath and hoped that perhaps the rhetoric might be real. That is, until the more astute observers in the Internet world checked out www.whitehouse.gov at the moment of transition. They found that in an absolutely unprecedented transfer of power, the old Clinton White House site disappeared, and the new Bush White House site ventured forth on to the world stage.