Comment on Ask HN: Where do you keep your 401k investments?Comments−keernan2yVanguard's target date retirement funds furthest from retirement do not have a 100% stock allocation simply because studies have established that a 90/10 stock/bond portfolio outperforms a 100% stock allocation.−bionhoward2yThis sounds reasonable and I’m with you, but compelled to ask, which studies, can you provide links?Knowing those sources could help us find more recent ones citing them, and see how this strategy has held up over time.Here’s one:[1] https://www.mdpi.com/1911-8074/14/9/409−keernan2yIf my memory serves me correctly, it was part of the results of the CAPM study by Sharpe and Markowitz for which they won the a Nobel.
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Vanguard's target date retirement funds furthest from retirement do not have a 100% stock allocation simply because studies have established that a 90/10 stock/bond portfolio outperforms a 100% stock allocation.
This sounds reasonable and I’m with you, but compelled to ask, which studies, can you provide links?
Knowing those sources could help us find more recent ones citing them, and see how this strategy has held up over time.
Here’s one:
[1] https://www.mdpi.com/1911-8074/14/9/409
If my memory serves me correctly, it was part of the results of the CAPM study by Sharpe and Markowitz for which they won the a Nobel.