Bill Bernstein: How much fixed income in VTApX?

Bill Bernstein is a financial advisor, author, and lecturer. He is the author of several books on investing, including "The Intelligent Asset Allocator" and "If You Can." Bernstein is a proponent of evidence-based investing and has been a critic of the traditional 60/40 stock/bond portfolio.

In his book "The Intelligent Asset Allocator," Bernstein argues that the traditional 60/40 stock/bond portfolio is too risky for most investors. He recommends that investors reduce their exposure to stocks and increase their exposure to bonds, especially in retirement.

Bernstein's recommended asset allocation for retirees is 50% stocks and 50% bonds. He believes that this allocation provides a good balance of risk and return, and that it is appropriate for most investors.

However, Bernstein also acknowledges that there is no one-size-fits-all asset allocation. The right asset allocation for you will depend on your individual circumstances, including your age, risk tolerance, and investment goals.

If you are not sure how to determine your own asset allocation, you should consult with a financial advisor. A financial advisor can help you develop a personalized asset allocation that is tailored to your individual needs.

How much fixed income in VTApX?

VTApX is a target-date retirement fund offered by Vanguard. Target-date retirement funds are designed to provide a one-stop solution for retirement investors. These funds automatically adjust the asset allocation of the fund as the investor gets closer to retirement.

The asset allocation of VTApX is currently 53% stocks and 47% bonds. This asset allocation is appropriate for investors who are more than 10 years away from retirement.

However, as the investor gets closer to retirement, the asset allocation of VTApX will automatically adjust to become more conservative. For example, the asset allocation of VTApX for investors who are 5 years away from retirement is 32% stocks and 68% bonds.

If you are investing in VTApX, you can be confident that the asset allocation of the fund will be appropriate for your age and risk tolerance.

Why is Bill Bernstein's advice important?

Bill Bernstein's advice is important because it is based on evidence-based investing. Evidence-based investing is an approach to investing that uses historical data and research to make investment decisions.

Traditional investment advice is often based on gut instinct and emotion. However, evidence-based investing takes a more scientific approach to investing. This approach has been shown to lead to better investment results over the long term.

If you are looking for investment advice that is based on evidence, then you should consider following Bill Bernstein's advice.

How can I learn more about Bill Bernstein?

You can learn more about Bill Bernstein by visiting his website or reading his books. Bernstein's website is a great resource for investors who are looking for evidence-based investment advice.

Bernstein's books are also a great way to learn more about his investment philosophy. His books are well-written and easy to understand. They are a great resource for investors of all levels of experience.

Conclusion

Bill Bernstein is a leading expert on evidence-based investing. His advice is based on historical data and research. If you are looking for investment advice that is based on evidence, then you should consider following Bill Bernstein's advice.