The year 2008 made it hard to balance things and to take advantage of non-correlation. In other words, 2008 messed about with my somewhat orderly pre-2008 portfolios.
We could, as many do, take 2008 as an anomaly, but I think it was more – sign that one should, when it comes to the market, never take things for granted. Going forward, as I’ve been preaching over the past two and a half years, I’m going to concentrate on being flexible, both in portfolio choices and tactics. As to tactics, in the July issue of Life Insurance Selling I write about a way to stay tuned to being flexible and still devote most of your time to asset building.
My New Year’s resolution – quite late this year – is to simplify my life by simplifying my tactics and flexibility, and unifying many of my portfolios.