The first book to close theperilous gaps in—andenhance the performanceof—asset allocationAsset allocation is one of today’s bestknowninvestment approaches. Problem is,its major precept—that a magic-number,fixed-percentage asset mix will providesuperior results for investors who have dramaticallydifferent goals and needs—is scientificallyunproven and fundamentally flawed.Asset Dedication updates the asset allocationmodel, outlining a seven-step processdesigned to more effectively meet the realneeds of real investors. Showing investorshow to design low-risk portfolios that moreaccurately and successfully dedicate assets,this breakthrough book helps investors fillin the gaps inherent to asset allocation bydemonstrating:Techniques for ascertaining the bestasset mix by determining individualneeds and goalsHow asset dedication providessuperior protection against inflationand market riskInvesting strategies for the threeinvestment life phases—accumulation,distribution, and transfer