Only the past is in clear view. A mountain of information is available to plot the behavior of stocks, bonds, international securities, precious metals, oil and gas, real estate and other major asset groups in varying economic conditions. A financial advisor can use it to apply allocation strategies to your portfolio. Mutual funds can also play a vital role in this process, as you can combine them to achieve the desired effect. There are even asset allocation funds.
Asset allocation provides a balanced, rational approach to building long-term wealth.
If implemented with discipline, it can bring order to a permanently uncertain investment environment. In the next chapter we talk about mutual funds, and about an asset allocation service that uses mutual funds as part of its program. About the Author For twenty years Adam Starchild has been writing books about these subjects, and they are published by a variety of publishers. They are available in many bookstores or public libraries. For more information on global investing, see The Offshore Entrepreneur .