The construction course
Building a Portfolio
Three reads that turn 'buy an index fund' into a portfolio you can defend: how much in stocks versus bonds, why diversification is the only free lunch, and how to pick an allocation you will still own in a crash.
- 01Stocks and bonds: the only mix that mattersNine-tenths of your portfolio's behavior is decided by one number: the split between stocks and bonds. Here is what each side actually does, with a century of receipts.
- 02Diversification: the only free lunchCombining assets that suffer at different times lowers risk without giving up the same share of return. The closest thing investing has to magic, limits included.
- 03Choosing an allocation you can keepThe last step of portfolio construction is not math. It is picking, from several defensible mixes, the one that fits your timeline, nerves, and life — then writing it down.