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For example, if you owned a $100,000 portfolio and $60,000 of that was held in stocks with the remaining $40,000 in bonds, your asset allocation would be 60-40, stocks to bonds If you were to split the pot evenly between stocks and bonds, your asset allocation would be 50-50 Asset allocation can also refer to how one invests within an asset class For instance, a balanced investor might not only be 50 percent stocks and 50 percent bonds, but within his equity allocation, he may evenly split his stock holdings, with half of that equity stake going into growth stocks and the other half going to value-oriented shares He may also choose to take a so-called market weighted approach between large stocks and small stocks Market weighting refers to allocating your assets in the same manner as the broad stock market indexes are divided Thus, since the allocation between large stocks and small stocks in the Wilshire 5000 Total Stock Market index is roughly 80 percent to 20 percent, a balanced investor seeking to market weight his holdings would construct a portfolio that is 80 percent large stocks and 80 percent small This way, you re not taking any more risk than the broad market exposes you to In weighting between growth and value stocks as well, a passive investor might follow broad market indexes like the Wilshire and the S&P 500, which are about 50-50 between growth and value



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As you become more familiar with using UI components in Faces applications, you ll quickly find that working with them involves more than just using their tags in JSP pages Instead, Faces developers will often need to access and manipulate UI components programmatically To fully appreciate this point, consider the following simple example where a JSP page (hellojsp) has three UI components: InputText, OutputText, and a CommandButton At runtime when the user enters a text value into the input field (InputText) and clicks on the button (CommandButton), the output field (OutputText) is then updated with the value of the text entered into the input field To meet the requirements of this situation, programmatic

Part I:





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Believe it or not, it s possible to get too close to your subject as well Some digital camera flash units overexpose the subject when you are within a foot or two of that person or object Since you know about the light-reducing properties of a telephoto lens, you might expect that you can get closer when you zoom in than if you are zoomed out And you d be right; with a typical camera, you cannot shoot any closer than about 3 feet when set on normal zoom, but you can shoot to within a single foot if you are zoomed in to telephoto

access to the UI components is required Here is the source code for this example The hello jsp JSP page is as follows:

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Why is it important to measure a portfolio in this manner Part of it has to do with diversi cation For safety s sake, it s good not to have all your eggs in a single basket, but to spread your assets among a number of di erent types of baskets By considering your portfolio s asset allocation, you will always be mindful of how diversi ed (or not) it is at any given moment in time But in addition and more important the mix of stocks, bonds, and other assets we hold, and the types of stocks and bonds we own in our portfolio, will dictate the vast, vast majority of our success This may seem counterintuitive, since we ve been trained to think in terms of individual stocks The notion of being a good investor and a good stock picker are synonymous in popular culture, but they often require entirely di erent skills in the real world After all, you may be smart enough to nd the next Microsoft But if you only allocate 2 percent of your equity portfolio to those shares, and invest the bulk of your money in bonds, your stellar pick may not have much impact on your overall performance

<%@ taglib uri="http://javasuncom/jsf/html" prefix="h"%> <%@ taglib uri="http://javasuncom/jsf/core" prefix="f"%> <f:view> <html> <body> <h:form> <h:inputText /> <h:commandButton value="Click Me!" /> <h:outputText value="Hello!" /> </h:form> </body> </html> </f:view>

To set the value of the outputText component with the value entered in the inputText component, an action method can be created that will programmatically get the value of the inputText component and set it as the value of the outputText field This action method will reside in a backing bean, which will also contain instances of the respective UI components Here is the source code of Hellojava, which will serve as a backing bean for hellojsp You ll notice the declared instances of the UI components HtmlInputText and HtmlOutputText along with the associated getters and setters These instances allow for programmatic access of the bound UI components

package backing; import javaxfacescomponenthtmlHtmlCommandButton; import javaxfacescomponenthtmlHtmlInputText; import javaxfacescomponenthtmlHtmlOutputText; public class Hello { private HtmlInputText inputText1; private HtmlOutputText outputText1; public void setInputText1(HtmlInputText inputText1) { thisinputText1 = inputText1; } public HtmlInputText getInputText1() { return inputText1; } public void setOutputText1(HtmlOutputText outputText1) { thisoutputText1 = outputText1; } public HtmlOutputText getOutputText1()

FIGURE 4-1

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Fig 10-11 Closed-End Fund Assets (in Millions of Dollars) Although closed-end funds have been around for years, they control less than half a billion dollars in total assets

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