The Big Picture

NOVEMBER 2, 2023

Those of you looking for income might consider putting fresh money to work building a bespoke muni portfolio, or buying the appropriate muni fund for your circumstances. ( Depending on the specifics a 4.5-5% 5% muni yield is the taxable equivalent of 8-10%. we are happy to help ). Regime Change : The shift from monetary to fiscal stimulus.

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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?

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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.

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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.

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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.

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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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The Big Picture

JANUARY 8, 2025

To help us unpack this and what it means for your portfolio, let’s bring in Matt Hougan. Try and, you know, every beer commercial ends with drink responsibly invest responsibly if you want to take a few percentage of your portfolio and throw it into a Bitcoin ETF, there’s nothing terrible about that.

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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.

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Validea

NOVEMBER 9, 2024

The first involves a day trader who experienced remarkable success during the cryptocurrency boom of 2017. Meanwhile, many crypto day traders from 2017 saw their fortunes reverse during the subsequent bear market, highlighting the difference between having a genuine edge and relying on temporary market conditions.

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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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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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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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Zoe Financial

JANUARY 28, 2025

Looking at the same 1950-2017 period, but looking through the lens of five-year investment horizons, returns for the S&P 500 ranged from down 3% to up 28%. If you got unlucky in 2008 trying to time the market and you were down 39%, it is very difficult emotionally speaking to reverse course and try to time the market by buying.

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Marketing Marketing Financial Advisor Taxes 98

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.

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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.

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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).

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

Portfolio 91

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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%.

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Taxes Tax Planning Planning Estate Planning 101

Calculated Risk

AUGUST 12, 2022

We are receiving many inbound telephone calls that we were not receiving previously, whether it's from owners of small portfolios or even national homebuilders with excess inventory. “With respect to other acquisition channels, it is a very interesting time. You can read the transcript of the AMH earnings conference call here.

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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. Here's one link and the second post.

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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.

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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.

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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.

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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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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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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

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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.

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Random Roger's Retirement Planning

NOVEMBER 20, 2024

The growth of the portfolio takes care of that. I took the above picture in 2017. The 4% rule (7% rule maybe) has a built in cost of living adjustment that Bengen thinks is very important. I've been dismissive of that part of the rule. The answer is no but I feel like there's a lesson in here somewhere.

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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%

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Carson Wealth

NOVEMBER 4, 2024

The 2017-2019 pace was 3.1%.) A diversified portfolio does not assure a profit or protect against loss in a declining market. The prime-age employment-population ratio fell from 80.9% to 80.6%, but even this matches the highest we saw in the last cycle (and there could be some hurricane effects here).

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Marketing Marketing Economy Numbers 95

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.

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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.

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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?

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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?

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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.

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