The best person in the world to ask is Chris Ailman, Chief Investment Officer of the California State Teachers' Retirement System (CalSTRS). Ailman manages $165 billion for over 862,000 Californian teachers. And, over the last twelve months, he has earned an impressive return of 13.8%.
Ailman has three investment secrets anyone can follow to best manage their personal retirement portfolio. In the video above, Ailman shares his insight with Talking Numbers. His three secrets are:
1. Rebalance your assets
- Ailman says how frequently you should pay attention to what's in your portfolio.
2. Study your investment options
- Ailman says why need more alternatives, who to ask for them, and which popular investment he thinks will not be a good idea in the coming years.
3. Be a long-term investor
- Ailman says there's a typical, but costly mistake many people make when picking a fund that can be avoided when thinking long-term.
To hear the details of Ailman's investment secrets, watch the video above.