qandaQ: Did they pay this guy, Paul Merriman, for this MarketWatch article on asset allocation? It's NOT a new idea.

QuestionDid they pay this guy, Paul Merriman, for this MarketWatch article on asset allocation? It’s NOT a new idea.

Answer:  First of all, I am a retired investment advisor and when I retired I promised my wife I will never work for money again. So everything I do at MarketWatch.com is 100% for the reader, I am not paid me a cent. You are correct, there is nothing new about asset allocation, but I find that most investors do not do a very good job of diversifying their portfolios. My intention with this article was to present such overwhelming evidence that it would be difficult to ignore the asset classes I recommend. If readers want more evidence, I hope they will read my book “101 Investment Decisions Guaranteed to Change Your Financial Future.”  It is available free at paulmerriman.com.  One more thing, I didn’t just recommend these asset classes. I recommended them over 10 years ago and the Vanguard all equity portfolio has compounded (according to The Hulbertt Financial Digest) at 10.3% a year for the 10 years ending Dec. 31, 2012.