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    <title>Horison — Allocation</title>
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    <description>The structural layer of a portfolio: setting target weights, choosing rebalancing bands, correcting drift, and what each move costs in tax and spread.</description>
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      <title>Strategic vs. Tactical Asset Allocation: How They Differ</title>
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      <description><![CDATA[Two documented approaches to dividing a portfolio among asset classes rest on different assumptions about markets, time horizon, and how much active management a plan requires.]]></description>
      <pubDate>Mon, 10 Aug 2026 08:44:00 GMT</pubDate>
      <dc:creator>Sofia Lindqvist</dc:creator>
      <category>Allocation</category>
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      <title>Glide Paths: Age-Based Allocation and the Debates</title>
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      <description><![CDATA[Glide paths explained: age-based allocation rules, target-date fund design, and the documented debates from 2008 dispersion to rising-equity research.]]></description>
      <pubDate>Mon, 27 Jul 2026 12:00:00 GMT</pubDate>
      <dc:creator>Sofia Lindqvist</dc:creator>
      <category>Allocation</category>
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      <title>Gold and REITs: Real Assets in a Portfolio</title>
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      <description><![CDATA[Gold and REITs in allocation: documented roles, return and risk records from 2022 onward, and the standing criticisms of each real asset.]]></description>
      <pubDate>Sun, 05 Jul 2026 12:00:00 GMT</pubDate>
      <dc:creator>Sofia Lindqvist</dc:creator>
      <category>Allocation</category>
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      <title>How Diversification Gets Measured: The Key Metrics</title>
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      <description><![CDATA[Measuring diversification: correlation, concentration (HHI), and effective number of positions — how each metric works and where the documented limits are.]]></description>
      <pubDate>Fri, 12 Jun 2026 12:00:00 GMT</pubDate>
      <dc:creator>Sofia Lindqvist</dc:creator>
      <category>Allocation</category>
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      <title>Emergency Funds and Their Place in Allocation</title>
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      <description><![CDATA[Emergency funds in allocation: structural role, documented sizing frameworks from 3-6 months to buffer-stock models, and the opportunity-cost criticism.]]></description>
      <pubDate>Wed, 20 May 2026 12:00:00 GMT</pubDate>
      <dc:creator>Sofia Lindqvist</dc:creator>
      <category>Allocation</category>
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      <title>Risk Parity: The Mechanics and the Criticisms</title>
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      <description><![CDATA[Risk parity explained: how equal risk contribution works, why the strategy leans on leverage, and the documented criticisms and defenses in the research.]]></description>
      <pubDate>Mon, 27 Apr 2026 12:00:00 GMT</pubDate>
      <dc:creator>Sofia Lindqvist</dc:creator>
      <category>Allocation</category>
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      <title>Asset Location: Which Assets Go in Which Accounts</title>
      <link>https://horison-online.com/allocation/asset-location-taxable-vs-tax-advantaged-accounts.html</link>
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      <description><![CDATA[Asset location framework: which assets belong in taxable, tax-deferred, and Roth accounts, with documented tax rules and research on after-tax gains.]]></description>
      <pubDate>Sun, 05 Apr 2026 12:00:00 GMT</pubDate>
      <dc:creator>Sofia Lindqvist</dc:creator>
      <category>Allocation</category>
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      <title>Home Bias: Why Portfolios Tilt Domestic</title>
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      <description><![CDATA[Home bias explained: documented evidence from French and Poterba, the proposed explanations, and the diversification cost of domestic-heavy portfolios.]]></description>
      <pubDate>Fri, 13 Mar 2026 12:00:00 GMT</pubDate>
      <dc:creator>Sofia Lindqvist</dc:creator>
      <category>Allocation</category>
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      <title>The 60/40 Portfolio: The History and the Debate</title>
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      <description><![CDATA[The 60/40 portfolio: documented history from the 1986 Brinson study through the 2022 drawdown debate to its standing criticisms and defenses.]]></description>
      <pubDate>Wed, 18 Feb 2026 12:00:00 GMT</pubDate>
      <dc:creator>Tomás Ferreira</dc:creator>
      <category>Allocation</category>
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      <title>Bond Ladders vs. Bond Funds: How They Compare</title>
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      <description><![CDATA[Bond ladders vs. bond funds: structure, income behavior, duration paths, fees, and the documented tradeoffs both structures showed in 2022.]]></description>
      <pubDate>Mon, 26 Jan 2026 12:00:00 GMT</pubDate>
      <dc:creator>Tomás Ferreira</dc:creator>
      <category>Allocation</category>
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      <title>Cash as an Asset Class: What It Actually Does</title>
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      <description><![CDATA[Cash as an asset class: documented bill returns, inflation swings, cash drag criticism, and the carry mechanics behind portfolio liquidity.]]></description>
      <pubDate>Sun, 04 Jan 2026 12:00:00 GMT</pubDate>
      <dc:creator>Sofia Lindqvist</dc:creator>
      <category>Allocation</category>
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