Industry experts assert that the asset allocation decision has been shown to have a greater impact on investment return than does market timing or security selection. U.S. Bancorp Piper Jaffray has developed long-term strategic asset allocation models reflecting historical market returns, as well as tactical asset allocation models to reflect asset allocation shifts based on current market conditions. The percentage devoted to each asset class, however, should depend not only on current market and economic conditions, but more importantly on your investment objectives, time horizon and attitude toward risk and return. No consideration is given to current income. Investors should be willing to accept greater volatility in exchange for higher potential longer-term returns.
Diversification is skewed toward domestic and international company stocks.
Protection against inflation is a high concern. A minor emphasis is placed on current income. Diversification is typically skewed toward domestic and foreign company stocks and, to a lesser degree, bonds. Protection against inflation is a high concern. Growth and Income - designed to provide growth primarily and income secondarily.