The Big Picture

APRIL 24, 2023

Within the equity portion of your portfolios, they can provide some measure of diversification. Oversimplifying them into narratives or relying on context-free myths will not serve your portfolio well. November 4, 2016) Bull & Bear Markets _ 1. Previously : Observations to Start 2023 (January 3, 2023) Bottoming?

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The Big Picture

DECEMBER 16, 2023

Previously, he worked as a Portfolio Manager at Citadel Global Equities and as an Analyst at Millennium Management. They seek out the best and worst stocks in various sectors to run a long short portfolio. His regular publications include the Monthly Chart Portfolio of Global Markets, Sectors and Stocks on the Move.

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Integrity Financial Planning

DECEMBER 19, 2022

This strategy tells you to put 60% of your portfolio in equities and 40% in bonds or other fixed-income offerings. 3] Because stocks account for 60% of the 60/40 allocation, their drop has affected 60/40 portfolios, sinking their value. In a 60/40 allocation, this negatively affects the whole portfolio. 1] [link]. [2]

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Brown Advisory

SEPTEMBER 12, 2016

Sustainable Investing Special Edition September 2016 achen Mon, 09/12/2016 - 07:07 In this issue: From our CEO: How We Help Clients Build Sustainable Portfolios Mike Hankin, Brown Advisory President and CEO, describes a framework for helping clients incorporate their values into their investment portfolios. By Michael D.

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Brown Advisory

SEPTEMBER 12, 2016

Sustainable Investing Special Edition September 2016. Mon, 09/12/2016 - 07:07. In this issue: From our CEO: How We Help Clients Build Sustainable Portfolios Mike Hankin, Brown Advisory President and CEO, describes a framework for helping clients incorporate their values into their investment portfolios. By Michael D.

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The Chicago Financial Planner

JUNE 13, 2022

Ideally you’ve been rebalancing your portfolio along the way and your asset allocation is largely in line with your plan and your risk tolerance. You should continue to monitor your portfolio and make these types of adjustments as needed. As Aaron Rodgers told the fans in Green Bay after the Packers bad start in 2016, relax.

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The Big Picture

FEBRUARY 14, 2023

Similarly, excess fees and overtrading are more likely to hurt our portfolios than crashes. We spend far too much worrying about Black Swans than the mundane. Instead of stressing about shark attacks, you should manage your blood pressure and cholesterol.

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The Big Picture

SEPTEMBER 23, 2023

He oversees the firm’s liquid and private credit strategies, and also serves as a portfolio manager within Oaktree’s global private debt and global credit strategies. This week, we speak with Armen Panossian , managing director and head of performing credit at Oaktree Capital Management , which has $179 billion in assets under management.

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Brown Advisory

JUNE 2, 2016

The Advisory | June 2016 Insights on Markets and Investments. Thu, 06/02/2016 - 08:20. Blistering changes in fields such as technology call for bold responses—a theme we recently explored with clients at our NOW 2016 forum. By Maneesh Bajaj, CFA, Portfolio Manager and Emmy Mathews, CFA, Equity Research Analyst In Too Deep?

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Random Roger's Retirement Planning

AUGUST 5, 2022

In the last few blog posts we've looked at portfolios that seek to replace bonds with alts in such a way to reduce portfolio volatility the way bonds used to. In a couple of instances we've created portfolios that outperformed Vanguard Balanced Index (VBAIX) a proxy for a 60/40 portfolio and did so with a lower standard deviation.

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Brown Advisory

SEPTEMBER 11, 2016

September 2016 Insights on Markets and Investments achen Mon, 09/12/2016 - 01:00 In this issue: Investors Facing Rising Risks Need Solid Defense, Savvy Offense Increasing political and economic risk during the past year has widened the range of possible positive and negative scenarios for financial markets.

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Brown Advisory

SEPTEMBER 11, 2016

September 2016 Insights on Markets and Investments. Mon, 09/12/2016 - 01:00. By Meera Patel, CFA, Director of Private Equity Fund Research and Jane Korhonen, CFA, Portfolio Manager ? Consequently, investors need to build a solid defensive position while seizing opportunities that arise amid the instability.

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Random Roger's Retirement Planning

SEPTEMBER 19, 2023

When I was working on yesterday's post I stumbled back into the Return Stacked 60/40 Absolute Return Index which is a portfolio funds blended together with a lot of embedded leverage in pursuit of capital efficiency. It's a very sophisticated portfolio. Here's what it is in the portfolio and the notional exposures.

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The Chicago Financial Planner

FEBRUARY 5, 2022

Quoted in a Wall Street Journal article before the 2016 game, respected Wall Street analyst Robert Stoval said, “There is no intellectual backing for this sort of thing, except that it works.”. What impact have the solid stock market gains of the past three years had on your portfolio? Costs matter.

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Random Roger's Retirement Planning

OCTOBER 25, 2022

With all the time we've spent learning about new alternative strategies (new in that they've become accessible in funds for retail sized accounts) and how to incorporate them into a diversified portfolios, I thought it might be worthwhile to revisit a couple of older school alternatives to see how they're doing through the current event.

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Brown Advisory

JUNE 23, 2016

Welcome to the NOW 2016 Review and Videos. Thu, 06/23/2016 - 10:27. The presentations provided ample food for thought, including possible investment opportunities and implications for client portfolios. A Note from Michael Hankin, President and CEO of Brown Advisory. I love our NOW conferences.

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Random Roger's Retirement Planning

AUGUST 31, 2024

One of my many quirks (we all have them) is a never ending fascination with investment portfolios that either are or are thought to be sophisticated like the Permanent Portfolio, various endowment portfolios and so on. The Trinity Portfolio by Meb Faber and Cambria Investments is another example. It was up 23% that year.

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Random Roger's Retirement Planning

SEPTEMBER 18, 2024

My interest goes back long before the ReturnStacked ETFs existed and I believe long before the term capital efficiency was common, to Nassim Taleb writing about barbelling returns where most of the risk is allocated to just 10% of a portfolio with the rest in very conservative things like T-bills. Here is some modeling we did on August 19th.

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Random Roger's Retirement Planning

JUNE 26, 2024

Although the way we articulate these ideas has changed we've basically been having the same conversation about trying to learn how to better diversify the portfolio without giving up too much of the equity market's ergodicity, it's inertia from going up more often than not. The ride is obviously very smooth over a decently long time frame.

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The Big Picture

FEBRUARY 19, 2024

We can make changes to how we think about risk, what our portfolio allocations are, what information we read — everything that goes into how we invest. Framing : The context we use to look at market action and portfolio performance has an enormous impact on the conclusions we reach. Investors are not so lucky.

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Random Roger's Retirement Planning

MARCH 2, 2023

Over the summer we looked at the Cockroach Portfolio which is an all-weather sort of strategy that is not intended to look like the stock market. Portfolio 2 is the S&P 500 and Portfolio 3 is the Vanguard Balanced Index Fund (VBAIX) which is a proxy for a 60/40 portfolio. It lagged badly in 2016, 2019 and 2021.

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Random Roger's Retirement Planning

AUGUST 7, 2022

A couple of months ago we looked at The Cockroach Portfolio , a sort of all-weather portfolio that seems like it could be an attempt to update and evolve the Permanent Portfolio which allocates an equal 25% to stocks, long bonds, gold and cash. This goes back to 2016 to GBTC's apparent inception. Here are the results.

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Fortune Financial

AUGUST 16, 2021

One topic I have not touched on in a while is portfolio construction, so I wanted to dedicate this post to the reasons why a sector-neutral portfolio makes sense, and to give investors some ideas for creating their own. The first step is to decide how many positions you want to hold in the portfolio.

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Brown Advisory

SEPTEMBER 12, 2016

From our CEO: How We Help Clients Build Sustainable Portfolios achen Mon, 09/12/2016 - 08:16 Last year, we published our first special edition of The Advisory focused on sustainable investing. The goals you express during our discovery process dictate the types of solutions used in your portfolio.

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Brown Advisory

SEPTEMBER 12, 2016

From our CEO: How We Help Clients Build Sustainable Portfolios. Mon, 09/12/2016 - 08:16. We begin with advice— an in-depth engagement and discovery process to learn exactly how you view the intersection of your values with your portfolio. For something that sounds straightforward, screening can be very challenging.

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Random Roger's Retirement Planning

FEBRUARY 29, 2024

Cullen Roche looked at the 60/40 portfolio concept through an interesting lens. The importance comes in understanding diversification and the importance of long term thinking in the equity portion of your portfolio. The main takeaways are that one, 60/40 is not dead and that two, different assets have different durations.

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Brown Advisory

MARCH 9, 2018

We believe that our approach to building sustainable bond portfolios, in which we use green bonds alongside other bonds with attractive environmental and social characteristics, is an effective way to achieve our clients’ investment and sustainability objectives. Georgia Power’s green bond, issued in 2016, is a good example.

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Brown Advisory

MARCH 9, 2018

Income and Impact: Adding Green Bonds to Investment Portfolios. We believe that our approach to building sustainable bond portfolios, in which we use green bonds alongside other bonds with attractive environmental and social characteristics, is an effective way to achieve our clients’ investment and sustainability objectives.

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Random Roger's Retirement Planning

AUGUST 5, 2023

The portfolio potentially has 100% notional long exposure but RYMFX and client and personal holding BTAL often have a negative correlation to equities so potentially leveraging down and BIL is a cash proxy which for the time being has higher yield than it's had in ages. compared to 7.35, had a standard deviation of 8.07 versus 10.32

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The Big Picture

AUGUST 28, 2024

On this episode, Bloomberg Intelligence ETF analyst Eric Balchunas joins us to discuss how fees can significantly impact your portfolio. ~~~ About this week’s guest: Eric Balchunas is been an ETF Analyst for Bloomberg Intelligence. He has been covering the investing industry for nearly 2 decades.

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Random Roger's Retirement Planning

MARCH 7, 2024

Quite a few client holdings have been in the portfolio for more than 15 years. Dropping from $27 down to $16 like in 2016 is a very difficult thing to sit through. If you ask most market participants, I think they'd say they are "long term" investors but what does long term mean? There are of course many definitions.

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The Big Picture

FEBRUARY 14, 2024

I’m Barry Ritholtz, and on today’s edition of At the Money, we’re gonna discuss whether war and inflation 20 somehow adds up to higher portfolio prices. I think 2016 was. The answer might surprise you. To help us unpack all of this and what it means for your investments, let’s bring in Jeff Hirsch.

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The Irrelevant Investor

APRIL 9, 2018

From July 2016 through February 2018, the ten-year treasury rate rose from 1.37% to 2.94%. Since rates began their ascent in February 2016, a 60/40 portfolio rose 19%, or 11.7% The chart below shows the rolling 30-day standard deviation of a 60/40 portfolio broken down between stocks and bonds. on an annualized basis.

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Validea

JANUARY 19, 2023

Back in 2016, founder of Research Affiliates Rob Arnott was cautioning against multi factor strategies. In 2016, Arnott argued that factors can only perform when their valuations are unusually inexpensive. In 2016, value stocks were trading at 40% of growth valuations, making today’s prices look extraordinarily cheap.

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Brown Advisory

NOVEMBER 8, 2021

Global Cooldown: Tackling Climate Change Through Our Bond Portfolios. trillion per year from 2016-2020, according to their estimates), to $4.2 trillion per year from 2016-2020, according to their estimates), to $4.2 Mon, 11/08/2021 - 13:52. trillion by 2030, in order to stave off its worst-case climate scenarios.

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Random Roger's Retirement Planning

FEBRUARY 9, 2023

At the time, those funds were having success because of Hussman's generally defensive portfolio posture. The funds might play a role in a diversified portfolio but hard to peg either one as a single portfolio solution. The idea of a single fund, all-weather portfolio is intellectually appealing even if it probably doesn't exist.

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The Irrelevant Investor

AUGUST 3, 2017

There was a lot of attention given to the first 28 days of 2016. If you took 20% of your portfolio to cash, okay, no big deal. But if you took your entire portfolio to cash, you're shot. It only takes one really big mistake, in this case selling in February 2016, to leave a permanent stain on your psyche.

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