The World Allocation model portfolio has recently been updated. Changes to the model are:
Buy Dow Jones Wilshire International Real Estate Index RWX
     Raise from 5.0% to 6.0%
Buy MSCI EAFE Small Cap Index SCZ
      Raise from 6.0% to 7.0%
Sell Cash
       Reduce from 3.0% to 1.0%

 
For the complete list of holdings, or for the breakdown of the model portfolio’s asset allocation, [...]

“Unusually uncertain”. That’s how Ben Bernanke described the outlook for the US economy in his recent testimony to Congress. It is also how John Chambers, the CEO of Cisco Systems described the outlook on the conference call for his company’s latest earnings report. Neither man has a very good track record at predicting the future [...]