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David Blanchett: Regret Optimized Portfolios, and Optimal Retirement Income (EP.254)

The Rational Reminder Podcast

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The Benefits of Diversifying Your Portfolio

In 401K plans, participants are defaulted into a target date fund where you hold this like black box thing and door B is your defaulting. Individuals are more likely to kind of pull a record, pull parachute when they're in this single multi asset fund because they don't understand what they actually own in their portfolio. So I think that to the extent that you can demonstrate to someone that they have a diversified portfolio, there's no additional cost. It can actually kind of encourage better decision making over time.

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