Complex non-US portfolios

More sophisticated investors may wish to move beyond simple three, four or five-component portfolios and either include additional components; slice and dice existing components; or purchase individual stocks and bonds. The resulting portfolios may contain numerous asset classes and subclasses, and can be very individual in nature. This allows tailoring to meet the goals of an individual investor, but at the cost of additional complexity and, if security selection is performed, more frequent monitoring. Another potential issue with complex portfolios is the "urge to tinker": it can be tempting to change one's asset allocation too frequently, etc.

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