Jason Hsu, PhD, principal, director of research and investment management, Research Affiliates, 155 N. Lake Ave., Pasadena, California 91101. A visiting professor at the Paul Merage School of Business at the University of California, Irvine, he is coauthor of The Fundamental Index: A Better Way to Invest (Wiley).
Stocks are down sharply since reaching record highs in 2007. You may now hold stocks and stock funds that are…