Editor: we redid this post for newer data. Today we set out to figure out the correlation between income and net worth in the United States. One of the arguments we’ve made in the past on Don’t Quit Your Day Job… is that, well, wealth and income are not the same (even though we tax […]
Right here on the pages of DQYDJ you’ve seen us discuss what your level of attractiveness means for your salary, and whether benefits for the homely made sense. Let’s go a step further – since we know that salaries are affected by your weight, what does your belt size say about your net worth?
The way the financial community seems to be covering it, we are currently attending the funeral of Asset Allocation. Long live Asset Allocation!
A common topic on financial pages world wide web wide (a cheer for alliteration?) is about the supposed death of asset allocation. Asset Allocation is the idea that the best retirement play for most investors is to allocate financial resources among a number of investment baskets. Supposedly by spreading one’s investments across a diverse set of asset classes it is possible to catch the hot performance in any corner of the market while absorbing any shocks in other corners. Of course, the uninspiring performance of asset classes during the ‘Great Recession’ seem to throw this theory into question. Read on and decide for yourself if we need to find some pallbearers for this financial heavyweight.