Nevermind. This is another one of our talks where I say something and you vigorously respond to something else.
Let me help one last time. If its not clear, lets just drop it.
- I think emerging market is a good, yet volatile diversifier.
- I think adding emerging markets to a portfolio is a good idea
- *I think a company that says an asset class is scary, then includes it in pedestrian offerings is slightly miscommunicating
- I think the amount that vanguard added to their target retirement funds isnt enough to make much difference anyhow
- *I'm a little disappointed at major overall changes to the structure of the targer retirement funds, including the addition of EM but more to the breakdown of equities and bonds and the change to the transition period from stocks to bonds. I'd have rather they introduced a "more aggressive" target retirement series rather than completely revamp what they had already sold.
- I am not disagreeing with EM as a diversifier.
- I am not disagreeing that a well diversified portfolio including lots of (at least historically) correlated asset classes produces beneficial results
I put a "*" next to the points I was trying to make in the prior posts. I made no comments about the quality or benefits of emerging markets in a portfolio.