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Asset Allocation vs. Security Selection: What Really Drives Returns?
When it comes to investing, many people believe success depends on picking the “right” stocks or finding the next big winner. Financial media often reinforces this idea by spotlighting individual companies, market predictions, and short-term performance. In reality, long-term investment results are driven far more by how a portfolio is structured than by which individual securities it holds. Understanding the difference between asset allocation and security selection helps

Damon C Collins, MBA, AWMA®, AAMS®, CFEI®
23 hours ago4 min read
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