Interesting Actuarial article; results close to PP

[Hal]

<snip>
Looking at M2-M5 we find that the optimal mix, defined as the mix that best maximizes Return (Compound Annual Growth Rate) and Sharpe Ratio (at a Risk free rate of 3% or 4%) and minimizes Risk (Standard deviation), is something something in the order of: 70% Bonds, 15% stock and 15% Gold.
<snip>

All comments welcome. Would also be interested to know if anyone understands the methodology used for the ALM study. Is it just the efficient frontier?

https://actuary-info.blogspot.com/2011/ ... escue.html