Many investors are tempted by tactical asset allocation - the practice of shifting a portfolio's weighting as the outlook chops and changes.
The reality is that it is hard to predict exactly how and when the market will react. To illustrate this point, let us look at a few scenarios. What will happen when the central bank responsible for...
Down 0.3% against the US dollar
Spent eight years at the firm
24-hour ping-pong with Legg Mason
May backs down on mutual regulatory recognition
Investing in commodity futures and stocks