Why keep pounding the math to show that big up years and down years kill long-term performance? Because it is tied to another dirty word: diversification.
Done properly, diversification lowers the volatility of returns and increased long-term performance.

What factors INCREASE portfolio volatility? It’s what the typical investor does: all eggs in one basket, and marketing timing.

Why Volatility & Diversification Matters

Stewart Partners explain:
[pdf width=”100%” height=”900px”]https://s3.amazonaws.com/wc-pdf-2013/compounding-Article-Why-Volatility-and-Diversification-Matters.pdf[/pdf]