Asset allocation is a basic personal financial term that you must understand. It is worth a few minutes of your day to learn it well.
Asset LOcation is where your asset is located. For example, if you are buying $10,000 of Vanguard Total Market Fund today, what’s the best account to put this investment in? Your 401k or your Roth IRA? The answer of this question is what I’m going to discuss in this post.