The Big Picture

MARCH 28, 2024

If you believed these stories, and acted on them, your portfolio probably did poorly in markets over this era. What’s so fascinating about each of these eras is how a very coherent narrative storyline came together to explain things that are perhaps more random and unexplainable than we are comfortable with.

Manufacturing 340

Manufacturing Economy Economics Marketing 340

The Big Picture

NOVEMBER 27, 2023

Previously : The Timing Mistake: Thoughts & Pushback (August 26, 2020) Market Timing for Fun & Profit (August 28, 2020) The Art of Calling a Market Top (October 4, 2017) DOs and DONTs of Market Crashes (January 16, 2016) The Truth About Market Timing (March 13, 2013) Timing the Market?

Marketing 304

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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. Consider 4 geographic regions: The US, the Developed world Ex US, Emerging markets, and Frontier.

Economics 299

Economics Portfolio Valuation Marketing 299

The Big Picture

OCTOBER 28, 2023

The Atlantic ) • Light and gravitational waves don’t arrive simultaneously : In 2017, a kilonova sent light and gravitational waves across the Universe. He manages a diversified portfolio of late-stage growth equity in technology, consumer, health care, and financial services sectors. Here on Earth, there was a 1.7

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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.

Portfolio Management 173

Portfolio Management Portfolio Assets Management 173

Random Roger's Retirement Planning

JANUARY 14, 2024

Long time readers might know my fascination with Nassim Taleb's idea about barbelling portfolios to concentrate risk into a small slice while having the vast majority in safe assets. What I am curious to see is if we can combine this barbell idea with the 75/50 portfolio to get a market equaling (or beating) returns over longer periods.

Portfolio 72

Portfolio Budgeting Assets Investing 72

A Wealth of Common Sense

MAY 21, 2023

Since 2017, Icahn has been positioning part of his portfolio for a huge crash. The Financial Times had a story this week about Carl Icahn’s bets against the stock market that went awry. It cost him nearly $9 billion over the past 6 years. Sounds like a lot.

Marketing 131

Marketing Marketing Portfolio 131

The Big Picture

OCTOBER 19, 2023

I run through 30 charts in 30 minutes that explain where we are in the economic cycle, what markets are doing, and what it means to their portfolios. This has enormous ramifications for everything from our portfolios, policies and politics… See also , Failures’ Fallout (Mehlman, August 21, 2021) Teens Spend Average of 4.8

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Media Economy Economics Wealth Management 351

The Big Picture

NOVEMBER 20, 2023

My firm RWM uses Canvas for those clients who want their portfolios to reflect their values. The most popular ESG application of direct indexing software has been to remove guns and tobacco from portfolios. It reflects the desire for investors to have their portfolios reflect their personal values.

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Taxes Portfolio Investments Investing 195

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.

Investments 299

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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.

Management 182

Management Medical Portfolio Management Economics 182

David Nelson

JANUARY 3, 2023

Investors need to do their own due diligence and perform a full ORM review of their portfolio and its ability to navigate the many challenges we face at the start of a new year. From 2017 – 2021 growth outperformed value by a staggering 119%. S&P 500 2 Years. Growth vs Value – There was no alternative. 60-40 is reborn.

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Risk Management Portfolio Management Valuation 98

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.

Portfolio 70

Portfolio Numbers Marketing Marketing 70

Brown Advisory

DECEMBER 4, 2017

2017 Year-End Planning Letter. Mon, 12/04/2017 - 13:10. We are closing 2017 with nearly the same stance as last year. Spotlights for Prudent Planning in 2017. There have been very few changes to tax law in 2017, given that Congress has been focused on the longer-term tax reform effort. Since last year’s U.S.

Planning 52

Planning Taxes Clients Tax Planning 52

The Big Picture

DECEMBER 7, 2022

I would come out each evening and say: “ Be sure to own a globally diversified, low-cost portfolio of inexpensive ETFs; Rebalance once a year; See ya tomorrow !” Re-Engineer Your Media Diet (February 2, 2017). But if I did have a nightly television show, there might be a small problem. Who Do You Trust? January 2008).

Financial Advice 290

Financial Advice Media Engineering Advertising 290

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. That will be Portfolio 2 and 100% VBAIX will still be Portfolio 3.

Portfolio 91

Portfolio Management Clients Marketing 91

Random Roger's Retirement Planning

FEBRUARY 13, 2024

It's a good quick read that got me thinking about focusing on longer term portfolio outcomes versus short term portfolio gratification. As I thought about where to go with this I thought of the Cockroach Portfolio. You can see in 2017, the blue line for Cockroach with Bitcoin went parabolic.

Portfolio 75

Portfolio Management Taxes Investing 75

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. Here's one link and the second post.

Portfolio 52

Portfolio Clients Marketing Marketing 52

Brown Advisory

OCTOBER 16, 2017

Building A Portfolio To Offset Position Risk achen Mon, 10/16/2017 - 11:53 For years, our firm has built equity strategies that fit squarely into traditional style boxes, like “U.S. Typically, we begin building a client-driven portfolio by targeting a specific metric or set of performance attributes.

Portfolio 52

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Brown Advisory

OCTOBER 16, 2017

Building A Portfolio To Offset Position Risk. Mon, 10/16/2017 - 11:53. Working in close collaboration, our equity research team and private client portfolio managers have opened a new frontier in portfolio building, enabling us to offer truly customized portfolios that fit our clients’ specific circumstances.

Portfolio 52

Portfolio Clients Risk Tolerance Taxes 52

Darrow Wealth Management

JULY 1, 2024

The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. At that point, many provisions will revert to 2017 levels, adjusted for inflation. For example, in 2017, the marginal tax brackets were 10%, 15%, 25%, 28%, 33%, 25%, and 39.6%.

Taxes 89

Taxes Tax Planning Planning Estate Planning 89

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.

Portfolio 52

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Random Roger's Retirement Planning

JUNE 5, 2024

Starting back in 2007 or 2008 I wrote about his barbell portfolio idea that goes very high risk with 10% of the portfolio in search of asymmetric returns and then very conservative with the other 90%. The returns generated from the 10% could almost be enough for the entire portfolio. Here's an example of the effect.

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Portfolio Retail Investing Investments 91

Dear Mr. Market

DECEMBER 14, 2023

We’re going to remind people that if you listened to everyone and followed all the fearmongers your portfolio would be sitting in cash and you would have missed one of the better and least expected positive years ever.

Marketing 99

Marketing Marketing Portfolio Economics 99

MarketWatch

MARCH 8, 2023

billion go-private buyout offer from Solenis, a Platinum Equity portfolio company. Bain Capital invested in Diversey in 2017 and took the company public in 2021. DSEY stock is rallying by 37% in premarket action on Wednesday after the Bain Capital-backed chemical company agreed to a $4.6 Diversey agreed to be acquired for $8.40

Manufacturing 75

Manufacturing Portfolio Investments Investing 75

Carson Wealth

JULY 24, 2023

This is the longest win streak since September 2017. The last time the Dow got to 10 wins in a row was August 2017. Incredibly, 2017 saw three separate nine-day win streaks, the most for any one year since 1955, which had a record of four. Recent data suggest a major slowdown is not in the cards. over the past year.

Marketing 98

Marketing Marketing Economy Retail 98

Random Roger's Retirement Planning

OCTOBER 10, 2023

There was some interesting reading today looking at various portfolio construction and strategy issues. lagged far behind the Vanguard Balanced Index Fund (VBAIX) which is a proxy for a 60/40 portfolio. lagged far behind the Vanguard Balanced Index Fund (VBAIX) which is a proxy for a 60/40 portfolio. For the year, that 1.8%

Portfolio 98

Portfolio Assets Management Marketing 98

Brown Advisory

APRIL 22, 2020

Oil & Water: Fossil Fuel Divestment in Sustainable Bond Portfolios ajackson Wed, 04/22/2020 - 13:47 To many sustainable investors, owning fossil fuels is a black-and-white issue. For example, MidAmerican Energy issued its first Green Bond in 2017 to finance two massive wind facilities in Iowa with a total of 2.5GW of generation capacity.

Portfolio 52

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Brown Advisory

APRIL 22, 2020

Oil & Water: Fossil Fuel Divestment in Sustainable Bond Portfolios. We have learned that our clients have differing motives—some simply want the comfort of knowing their bond portfolio is “clean,” while others want to invest in bonds that are funding the transition to wind, solar and other renewable energy sources. Conclusion.

Portfolio 52

Portfolio Clients Investments Investing 52

The Irrelevant Investor

JUNE 24, 2019

How would you go about putting this in your portfolio? We're going to use Bitcoin as an example, which began its meteoric ascent in 2017. The purple line shows 100% of the money invested in 60/40 portfolio (iShares, AOM). Bitcoin began 2017 below $1,000, and by Christmas it reached nearly $20,000. How is this possible?

Portfolio 52

Portfolio Numbers Assets Investing 52

Brown Advisory

SEPTEMBER 20, 2017

Conversation with the Portfolio Manager: Mid-Cap Growth Strategy achen Wed, 09/20/2017 - 16:43 Over time, the Brown Advisory small-cap growth team, led by Christopher Berrier and George Sakellaris, watched numerous successful investments compound and grow out of their investible universe. Q: Can you describe your investment process?

Portfolio Management 52

Portfolio Management Portfolio Management Investments 52

Brown Advisory

SEPTEMBER 20, 2017

Conversation with the Portfolio Manager: Mid-Cap Growth Strategy. Wed, 09/20/2017 - 16:43. While both mid-cap portfolio managers believe their experience gives them an advantage, other factors set them apart as well. A: Our process consists of three steps: idea generation, due diligence and portfolio construction.

Portfolio Management 52

Portfolio Management Portfolio Management Investments 52

Brown Advisory

NOVEMBER 8, 2021

Global Cooldown: Tackling Climate Change Through Our Bond Portfolios. We seek to avoid climate risks while embracing opportunities for mitigation and adaptation in our sustainable fixed income strategies, using multiple layers of research and analysis in an effort to pursue improved risk-adjusted returns and decarbonize our portfolios.

Portfolio 52

Portfolio Assets Investments Investing 52

Random Roger's Retirement Planning

SEPTEMBER 3, 2022

We've spent a lot of time this summer modeling portfolios that steer clear of interest rate risk as I believe bonds have entered a new volatility regime where their volatility is now unreliable for use as an equity buffer. Risk free assets now have yield although the backtest of this portfolio was in a period where T-bills had no yield.

Portfolio 68

Portfolio Clients Assets Accounting 68

Brown Advisory

AUGUST 24, 2017

A Solid Foundation: The Value of Private Real Estate in Balanced Portfolios. Thu, 08/24/2017 - 15:12. We believe that focusing solely on current market conditions ignores the true, long-term value that private real estate investments can add to a portfolio. How we deploy private real estate in portfolios.

Portfolio 52

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Trade Brains

SEPTEMBER 19, 2023

The top cryptocurrency exchanges by volume are:- Binance BitForex Huobi Coinbase Bybit Top Cryptocurrency Exchanges #1 – Binance Binance is a centralised cryptocurrency exchange founded in 2017 by Changpeng Zhao, a well-known investor and software engineer. It registers a 24-hour spot trading volume of $5 billion.

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Marketing Marketing Accounting Engineering 116

The Irrelevant Investor

FEBRUARY 24, 2018

In Berkshire's 2017 annual letter, Buffett reviews details of "the bet" made ten years earlier with Protégé Partners, a fund of funds. At that time, even a 1% annual rate of inflation between 2012 and 2017 would have decreased the purchasing-power of the government bond that Protégé and I sold.

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