The Future of Portfolio Management

Sally Kohn: I like to think about portfolio construction almost in terms of an insurance policy. If I can take out a policy or some level of downside protection at the lowest possible premium then it's worth taking that out even if it doesn't happen. She says markets could be solid if unspectacular and we have a lot of baby boomers in the world that need to participate in that market but at the same time they can afford the downturn so it's really the balance between two as opposed to the ability to choose one or the other. But let's say that I thought the S&P 500 would return about 6% a year over the next five years which is roughly what