Asset Allocation Can Go Too Far

Small-cap value. Real estate. Gold. Emerging markets. Investors chasing trends around the markets generally find themselves investing too much too late.

But in today's volatile markets, investors need to make sure that they have a finger in every pie (or, rather, a fund in every sector) in order to reap whatever gains they can, right?

Wrong.

Investors constantly looking for the perfect asset mix might as well expand their search to include the Holy Grail. ...