Question: Coming up with a sound asset allocation plan will likely have more of an impact on long - term investment return than the specific securities

Coming up with a sound asset allocation plan will likely have more of an impact on long-term investment return than the specific securities you hold in your portfolio."Yet many investors focus intensely on individual stock selection. Drawing from current market research and historical data, analyze why asset allocation tends to dominate long-term returns. How might this understanding change approaches to investor education and portfolio management?

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