Random Roger's Retirement Planning

JULY 15, 2024

First up, the Harvard Endowment which posted the following asset allocation. Here's an article at theStreet.com from 2007 where I bagged on PSP. Arguably neither one is very close in terms of how it replicates but borrowing the asset allocation from the top down yields what I would call a valid result. I used PSP.

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Random Roger's Retirement Planning

OCTOBER 19, 2023

Here's the latest about Harvard from Bloomberg that included this chart of the asset allocation. It's not that someone could not copy the asset class exposure, just that the return streams would not look the same and often, various forms of sophistication replication does not really work in fund form. Black is 2023.

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Random Roger's Retirement Planning

JULY 8, 2023

That is not guessing what markets will do, that is just managing asset allocation and cash needs. Remember, the peak in the S&P 500 in October, 2007 was 1565. The Permanent Portfolio equal weights equities, long bonds, cash and gold with the theory that no matter what, at least one of those four will be doing well.

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The Irrelevant Investor

JUNE 15, 2019

They anticipate that by 2023 80% of all assets at Vanguard will be in an automatic investment program. Automatic enrollment has tripled since 2007. 18,500, $24,500 for people 50 or older) The chart below shows overall asset allocation in these plans. This is a beautiful chart. There is way too much of it.

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Darrow Wealth Management

MAY 22, 2023

The federal funds rate hasn’t been this high since 2007 when it peaked at 5.25%. Consider your objectives Before making an asset allocation decision, always keep in mind what you’re trying to accomplish. In fact, the Federal Reserve has raised the upper limit federal funds rate by 5% since the beginning of 2022.

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James Hendries

JUNE 20, 2023

As the economy is likely downshifting, investors should take heed that the Federal Reserve’s (Fed) current stance is eerily similar to early 2007. A Lot Can Change in a Few Quarters So, why bring up a Fed statement from 2007? A lot changed over the course of 2007 and 2008 as the economy fell into the Great Financial Crisis.

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The Irrelevant Investor

JUNE 13, 2017

Portfolio 2 returned 5.19% per year, or 65% over the same time (The earliest common inception date for these portfolios are July 2007.). The optimal portfolio given the assets I selected outperformed one that required zero thought by just 0.76% a year. Portfolio 1 returned 5.95% per year, or 77% over this 10-year period.

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Random Roger's Retirement Planning

AUGUST 12, 2024

Or you could look at the 2007 high which was within a few points of the 2000 high and say it took 12 years to double. The first is to build a portfolio that you have a reasonable basis to believe can get you to where you need to be can stick with emotionally and maintain an asset allocation that allows you to manage sequence of return risks.

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Truemind Capital

MAY 19, 2020

One can prepare a customized plan depending upon their investment liking and understanding of different asset classes, sub-categories, and their own risk profile. Having a sense of market/asset class cycles and at which stage we could be in that cycle helps tremendously.

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James Hendries

NOVEMBER 15, 2022

One equity market debate discussed frequently in the LPL Research Strategic & Tactical Asset Allocation Committee (STAAC) is the growth vs. value style reversal experienced the past 12 months. Since then, value has outperformed growth for the longest sustained period since 2003–2007. Conclusion.

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Random Roger's Retirement Planning

NOVEMBER 21, 2024

There's no fact sheet yet and while the holdings are available, the asset allocation is vague without calculating the spreadsheet yourself which I did (hopefully correctly). To my knowledge, RYMFX was the first managed futures mutual fund and it had the space to itself for several years after in launched in 2007.

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The Big Picture

SEPTEMBER 12, 2022

At Citi, in 2007, fantastic timing, you take over as Head of Structured Solutions. And so, 2007, I came over to Citi. And when you think about market timing was 2007 the best time to — to make a move, but it ended up being a perfect time actually long-term for — for my career. BITTERLY MICHELL: Always risk.

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The Big Picture

NOVEMBER 8, 2022

I was having lunch with Jeremy in the summer of 2007, just after the Bear Stearns hedge fund started blowing up. Jeremy called and said, “Would you like to join the asset allocation team?” So he wanted a sort of non-quanty view input into the asset allocation process. CHANCELLOR: Well, I said no initially.

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Brown Advisory

DECEMBER 2, 2015

History offers many examples of investors beguiled and then burned by high-yield bonds sold by overleveraged companies, from telecommunications firms in 2000 to homebuilders in 2007 to coal mining companies in 2014. By Taylor Graff, CFA, Asset Allocation Analyst.

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Investing Caffeine

MAY 2, 2022

For long-term stock investors who have reaped the massive +520% rewards from the March 2009 lows, they understand this gargantuan climb was not earned without some rocky times along the way.

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Carson Wealth

JUNE 12, 2023

We found there were two times during the tech bubble that stocks gained 20% and again moved to new lows, and it also happened during the global financial crisis of 2007-2009. It was developed a decade ago and is a key input into our asset allocation decisions.

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The Big Picture

FEBRUARY 6, 2024

And actually Ben Inker is the head of our asset allocation group. 00:21:26 [Speaker Changed] In isolation quality on average gives you downside protection, certainly did in 2007, eight for example. We, we call asset allocation at GMO. Just wrote a, a very interesting piece on that too.

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Brown Advisory

JULY 1, 2016

Changes in their assumed rate of return can impact decisions ranging from asset allocation to the spending level that a portfolio can rationally support. Our Investment Solutions Group spends considerable time trying to gauge the long-term outlook for stocks since it is central to asset allocation decisions and recommendations.

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Brown Advisory

JULY 1, 2016

Changes in their assumed rate of return can impact decisions ranging from asset allocation to the spending level that a portfolio can rationally support. Our Investment Solutions Group spends considerable time trying to gauge the long-term outlook for stocks since it is central to asset allocation decisions and recommendations.

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Brown Advisory

MARCH 30, 2020

Consider how we defined investment risk in our 2018 asset allocation publication, Confronting the Unknown: “The probability that a portfolio will not meet an investor’s needs.” Liquidity, like many concepts in the investment world, is simple on the surface but becomes far more complex when one examines it more deeply.

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Brown Advisory

MARCH 30, 2020

Consider how we defined investment risk in our 2018 asset allocation publication, Confronting the Unknown: “The probability that a portfolio will not meet an investor’s needs.” Liquidity, like many concepts in the investment world, is simple on the surface but becomes far more complex when one examines it more deeply.

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Brown Advisory

NOVEMBER 12, 2019

has maintained rates at historically low levels since the financial crisis of 2007-08, yet inflationary pressures remain at bay. The key question for investors is how to respond to the prospect of lower returns, or as we described it in our 2018 Asset Allocation publication, the “risk of insufficient growth.” Low interest rates.

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Brown Advisory

NOVEMBER 12, 2019

has maintained rates at historically low levels since the financial crisis of 2007-08, yet inflationary pressures remain at bay. The key question for investors is how to respond to the prospect of lower returns, or as we described it in our 2018 Asset Allocation publication, the “risk of insufficient growth.” Low interest rates.

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The Big Picture

JULY 11, 2023

It’s actually great and especially because you can do some basic kind of asset allocation models, so the robo-advisor… RITHOLTZ: Right. We actually acquired in 2007 a local asset management. I mentioned local asset management being important. That’s not a terrible thing.

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Brown Advisory

AUGUST 6, 2019

As head of asset allocation research in our Investment Solutions Group, he is responsible for analyzing the relative attractiveness of various asset classes and investment strategies. housing in 2007) or a spike in oil prices (1973, 1980 and 1990)—conditions that are not present today.

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Brown Advisory

AUGUST 6, 2019

As head of asset allocation research in our Investment Solutions Group, he is responsible for analyzing the relative attractiveness of various asset classes and investment strategies. housing in 2007) or a spike in oil prices (1973, 1980 and 1990)—conditions that are not present today.

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Brown Advisory

SEPTEMBER 22, 2017

The United Nations Environment Program published a helpful review of key academic and broker reports on responsible investment and performance (UNEP, 2007). Risk Factors as Building Blocks for Portfolio Diversification: The Chemistry of Asset Allocation." Harvard Business School Working Paper 15 (73). Podkaminer, E. Statman, M.

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Brown Advisory

SEPTEMBER 22, 2017

The United Nations Environment Program published a helpful review of key academic and broker reports on responsible investment and performance (UNEP, 2007). Risk Factors as Building Blocks for Portfolio Diversification: The Chemistry of Asset Allocation." Harvard Business School Working Paper 15 (73). Podkaminer, E. Statman, M.

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Brown Advisory

APRIL 1, 2015

trillion last year, roughly the same as during the 2007 peak. Every client’s asset allocation is a function of his or her particular situation and objectives, but diversification remains an important component in controlling risk and avoiding the possible consequences of bubbles.

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The Big Picture

APRIL 4, 2023

So a very different dynamic than we saw back in 2007, 2008, 2009. I found this conversation really to be absolutely a master class and totally fascinating, and I think you will as well. Yes, there’s a lot of liquidity in private equity. But there’s also a lot of liquidity in private credit to be able to finance those transactions.

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Truemind Capital

SEPTEMBER 13, 2019

Had you invested in Sensex in Dec 2007, the next 10 years returns have been ~6.5-7% Similarly, in Example 5, Sensex was trading at a PE of 28x in Dec 2007, much higher than its long term average of 18x-19x. Investors just earned dividends while capital appreciation was zero. Source: Moneycontrol.com.

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The Irrelevant Investor

OCTOBER 20, 2015

Fisher, 1958 The Money Game - George Goodman, 1967 A Random Walk Down Wall Street - Burton Malkiel, 1973 Manias, Panics, and Crashes: A History of Financial Crises - Charles Kindleberger, 1978 The Alchemy of Finance - George Soros, 1987 Market Wizards - Jack Schwager, 1989 Liar's Poker - Michael Lewis, 1989 101 Years on Wall Street, An Investor's Almanac (..)

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The Big Picture

MARCH 12, 2024

They’re asset allocation model driven folks. Over time, the home ownership rate’s grown to sort of mid sixties and bobble around it got really, really high when we were giving away mortgages in 2007. Yeah, it’s super patient, it’s super sophisticated. Now in the US we tracked the home ownership rate.

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The Big Picture

JUNE 20, 2023

In 2007, firms extracted — the private equity firms extracted $20 billion from companies in the form of dividend recapitalizations. Or should this be kept out of private asset allocators’ hands? I think in 2007, we had 24 square feet per capita versus Europe, which was like 14, and Japan, which was like 9.

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The Big Picture

NOVEMBER 25, 2024

And there was one conversation very early in my career, this was actually 2007, where I was interviewing with an asset manager and I pre-meeting, asked them what they thought of the market. So I was looking at all sorts of things, which is sort of classical equity quant type work. It’s a bit of a mouthful.

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The Big Picture

OCTOBER 6, 2024

Recall in 2007, the polls had a head-to-head featuring Rudy Giuliani and Hillary Clinton (neither became their party’s 2008 nominee). Highly dependent on precise phrasing of questions That’s just about basic market, economic, and asset allocation questions. November 2023 polls showed Biden vs Trump.

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