The Irrelevant Investor

MARCH 3, 2019

By Ryan Krueger At a 4% initial withdrawal rate, the odds of nearly depleting the portfolio are equal to the odds of growing it by more than 800% By Michael Kitces The most expensive fund in the top ten inflows for 2018 charges 15 basis points By Ryan Kirlin Smart is not a unique skill. That’s why so many smart people don’t outperform.

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Brown Advisory

MARCH 28, 2019

As we stated in “Confronting the Unknown,” our 2018 asset allocation publication, standard deviation is “a helpful shortcut for thinking about risk, but it is not a fully effective proxy.” The “shoestring curve” below depicts these risks for a hypothetical portfolio, assuming various asset allocation targets.

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Brown Advisory

MARCH 28, 2019

As we stated in “Confronting the Unknown,” our 2018 asset allocation publication, standard deviation is “a helpful shortcut for thinking about risk, but it is not a fully effective proxy.” The “shoestring curve” below depicts these risks for a hypothetical portfolio, assuming various asset allocation targets.

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Random Roger's Retirement Planning

AUGUST 18, 2022

I've talked about my asset allocation before being overwhelmingly in cash or cash proxies, about 25% in "normal" equity investments, my exposure to crypto these days might be 2-3% up from 1/2 of a percent from when I bought Bitcoin in late 2018 but down from 6-7% when Bitcoin was higher.

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Random Roger's Retirement Planning

JULY 15, 2023

We wrote a few posts last year about the Rational ReSolve Adaptive Asset Allocation Fund (RDMIX) which is intended to be an all weather strategy. in 2018 when VBAIX dropped 2.8%, not very all weatherish. Managed futures is great but it did badly in 2018, a down year for plain vanilla 60/40.

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Dear Mr. Market

MAY 27, 2022

There have been a few times in recent history where we didn’t officially touch that magic number (2018 for example) but it was still an absolutely miserable environment. We would argue three, if you look at how nasty 2018 was as we alluded to earlier. On average bear markets actually hit your doorstep every 3.6

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Brown Advisory

JULY 24, 2018

Strong Defense: The Falling Opportunity Cost of Allocating to Bonds ajackson Tue, 07/24/2018 - 09:25 For years, “defense” in portfolios—i.e., allocations to cash and core fixed income holdings—has meant a willingness to accept extremely low returns. Robust Q1 2018 earnings growth improved the valuation picture for U.S.

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Brown Advisory

JULY 24, 2018

Strong Defense: The Falling Opportunity Cost of Allocating to Bonds. Tue, 07/24/2018 - 09:25. allocations to cash and core fixed income holdings—has meant a willingness to accept extremely low returns. Louis Fed) rose above 50 bps at the end of 2016, and since then has ticked up to 180 bps as of June 30, 2018.

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Truemind Capital

MARCH 20, 2020

Not understanding the role & importance of tactical asset allocation (overweight debt in euphoric times and overweight equity in a time of acute pessimism) in creating superior returns over the long term. Value by clicking here. Buying the best of businesses at wrong prices could turn out to be a bad investment.

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eMoney Advisor

DECEMBER 27, 2022

Routledge Press, 2018. Our partners at Fidelity developed a concept that speaks to how the wealth management business can continue to provide value to clients. Visualizing the Hierarchy of Financial Needs.” ” Advisor Channel , 2020. September 17. 3 Deckers, Lambert. Motivation: Biological, Psychological, and Environmental.

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Truemind Capital

NOVEMBER 29, 2020

There is no price for guessing that gold as an asset class can protect against the risk created by the actions of our policy makers. That’s why we have been adding at least 10% of Gold exposure in our client’s portfolio since 2018. Flood of cheap money is finding its way to the stock markets around the world.

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Random Roger's Retirement Planning

DECEMBER 22, 2023

As more of an asset allocator and investor in equity market themes, global macro like John did probably isn't in my wheelhouse but understanding how a well executed strategy in a fund wrapper could help manage volatility, help smooth out the ride, might be in my wheelhouse.

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Random Roger's Retirement Planning

AUGUST 28, 2022

Rodrigo and Mike manage the Rational/Resolve Adaptive Asset Allocation Fund (RDMIX). Note that the current managers of RDMIX took over in Feb 2018 so fair enough if you think the time frame is unfair. The idea that true risk parity takes in more than two asset classes is useful. Back to the podcast.

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Random Roger's Retirement Planning

APRIL 9, 2023

Do you even remember why stocks crashed in late 2018? Russia invaded Ukraine. Markets had a slow, steep decline. The pandemic was declared and stocks crashed and snapped back pretty quickly. Do you remember the Taper Tantrum or the drop that coincided with the last time we flirted with the debt ceiling?

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Brown Advisory

MAY 10, 2018

achen Thu, 05/10/2018 - 11:18 Concerns over trade policy and potential trade wars have rattled equity markets in recent months. In this article, our head of asset allocation discusses how we are managing trade risk, while still embracing global growth opportunities in our portfolios. and China in 2018, through early April.

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Economy Portfolio Clients Sales 52

Brown Advisory

MAY 10, 2018

Thu, 05/10/2018 - 11:18. In this article, our head of asset allocation discusses how we are managing trade risk, while still embracing global growth opportunities in our portfolios. FACT: The tariffs announced so far in 2018 affect a small sliver of the global economy. and China in 2018, through early April.

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Good Financial Cents

MAY 1, 2023

To diversify their Contributory IRA portfolio, individuals should: Choose a mix of asset classes : Individuals should choose a mix of asset classes based on their risk tolerance and investment goals.

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Brown Advisory

JULY 17, 2018

529 Plans And The New Tax Code ajackson Tue, 07/17/2018 - 11:30 You Can Now Use 529s for K-12 Costs—But Should You? The cost of college is growing at an astronomical rate, and Section 529 plans have long helped individuals and families grow assets earmarked for education in a tax-efficient manner.

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Brown Advisory

JULY 17, 2018

Tue, 07/17/2018 - 11:30. The cost of college is growing at an astronomical rate, and Section 529 plans have long helped individuals and families grow assets earmarked for education in a tax-efficient manner. The 2018 tax overhaul expanded the reach of 529 plans beyond college. 529 Plans And The New Tax Code.

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Dear Mr. Market

JANUARY 25, 2022

Click here for the last time we wrote about it but again… people seem to forget what they ate for breakfast so you may not remember what happened in 2018. Then… all hell broke loose in 2018. Anyway, 2018 was never called a “bear market” because we didn’t hit the proverbial -20% by definition.

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Brown Advisory

FEBRUARY 15, 2019

Last year, our annual outlook publication, Confronting the Unknown , focused on risk: how we define it, how we measure it, and what we saw as the major risks facing investors in 2018. All of this weighed heavily on equity returns across the globe in 2018. Entering 2019, we face rising economic, political and market risks.

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Brown Advisory

AUGUST 1, 2018

Investment Perspectives | Managing Risk ajackson Wed, 08/01/2018 - 10:37 In 1963, Bob Dylan warned us that the times, they are a-changin’—and while he wasn’t talking about capital markets, his words ring as true today for investors as they did for those growing up in the turbulent '60s. Concentration: Much of the U.S. Exhibit 2: U.S.

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Brown Advisory

AUGUST 1, 2018

Wed, 08/01/2018 - 10:37. Several evolving dynamics in the stock market, when taken together, suggest that risk levels have increased a bit over the last year or so: Valuations: To state the obvious, stock prices gained considerable ground during 2017 and are slightly higher so far in 2018. Annualized Returns, 04/30/2013-06/30/2018.

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Carson Wealth

DECEMBER 18, 2023

At Carson Investment Research, we have moved our longer-term strategic asset allocations to their maximum equity overweight while continuing to favor U.S. 31, 2018, through Dec. Stocks may gain 75-100% cumulatively over the next five years, which is 12-15% annualized. Here’s why. But here’s some perspective: From Dec.

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Harness Wealth

NOVEMBER 12, 2024

However, by 2026, the exclusion amount will revert back to its pre-2018 level of about $5 million (or around $7 million adjusted for inflation) per individual, unless new legislation is passed, or the TCJA is extended. stocks, index funds) in taxable accounts, tax-inefficient assets (e.g., million ($27.98

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

Investing Caffeine

MAY 2, 2022

As you can see from the chart below, there have been no shortage of issues and events to worry about over the last 15 years (2007 – 2022): 2008-2009: Financial Crisis 2010: Flash Crash (electronic trading collapse) 2011: Debt Ceiling – Eurozone Collapse 2012: Greek Debt Crisis – Arab Spring (anti-government protests) 2012: Presidential Elections (..)

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Electronics Economy CFP Investing 59

Investment Writing

SEPTEMBER 5, 2023

You’ll look at factors such as the contributions of security selection, sector weightings, asset allocation, and maybe even cash positions and the flows of money into and out of the portfolio. 13, 2015, and updated in June 2018, November 2022, and August 2023. Please share your opinions and insights.

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Investing Caffeine

APRIL 1, 2022

On the surface this sounds scary, but do you remember what happened the last time the Fed tapped the interest rate brakes during 2015 – 2018? The Fed’s goal is to increase the cost of borrowing, thereby slowing down the economy and reducing inflation.

Economy 59

Economy Economics Valuation Investing 59

Brown Advisory

MARCH 13, 2018

Investment Perspectives | Corrections jsayo Tue, 03/13/2018 - 12:38 The abrupt stock market downturn in February was “officially” a market correction, according to the conventional definition (a market decline of more than 10%). January itself was one of the best months for stocks in decades, as the Dow rose nearly 8%.

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Brown Advisory

MARCH 13, 2018

Tue, 03/13/2018 - 12:38. Through January 2018, stocks had risen for 10 straight months, the longest consecutive monthly string since an 11-month streak in 1959. Investment Perspectives | Corrections. January itself was one of the best months for stocks in decades, as the Dow rose nearly 8%.

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Brown Advisory

OCTOBER 11, 2021

We believe that the investment return needed to achieve that objective should be the most important guidepost for a portfolio’s asset allocation. With traditional assets like stocks and bonds at high valuations, the implications for future returns of those assets may be underwhelming. Source: BLOOMBERG. equity REITs.

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Brown Advisory

OCTOBER 11, 2021

We believe that the investment return needed to achieve that objective should be the most important guidepost for a portfolio’s asset allocation. With traditional assets like stocks and bonds at high valuations, the implications for future returns of those assets may be underwhelming. Source: BLOOMBERG. equity REITs.

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Dear Mr. Market

MAY 9, 2022

The last time they aired a similar piece about “markets in turmoil” was September of 2018 and by December the markets bottomed out and then rallied. Bad news and reasons to panic will be the headline for the weeks to come and there will seemingly be no safe place to hide.

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Investing Caffeine

FEBRUARY 1, 2022

Many people have short memories and forget the Fed hiked interest rates 10 times from the end of 2015 through 2018. Although the Federal Funds interest rate target is expected to increase to 2.5% over the next few years (currently at 0%), this forecast is nothing new and there is no guarantee the Fed can successfully pull off this feat.

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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.” 2/5/2018 VIX® (Volatility Index) 164.0 Essentially, liquidity refers to how quickly an investment can be turned into cash. 10/15/2014 10-Yr U.S.

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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

Census Bureau estimates that population growth in 2018 (0.6%) was the lowest since the 1930s. 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.” We estimate returns of 6-7% for U.S.

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