The case against banks goes something like this. Over the past 25 years, the cost of finance has been low and asset prices have generally been rising.

这起反对银行的案例看起来有点像这样，在过去的25年中，财政的花费比较低，而资产的价格却普遍在上升。

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Over the past 25 years, the cost of finance has been low and asset prices have generally been rising.

在过去的25年里，资金的成本一直保持在低水平，而资产价格普遍上升。

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“We can have more precise asset allocation at very low cost, ” he says.

他说：“我们可以以较少的资金进行更精确的财产分配。”

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Select low-cost index funds to represent asset classes, mix those asset classes to your needs, place them in proper accounts for the best tax efficiency, and let the magic of compounding do its thing.

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Most of the advice offered by full-service firms can be boiled down to simple asset allocation and diversification using low-cost indexed mutual funds, Schwab says.

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The proliferation of low-cost index funds that track various asset classes makes the implementation of this strategy easy.

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