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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The Big Picture

OCTOBER 9, 2024

To help us unpack all of this and what it means for your portfolio, let’s bring in Professor Aswath Damodaran of NYU School of Business. purely by luck in 2018. I’m not saying intrinsic value is somehow a stable stagnant number. He is often referred to as the Dean of Valuation for his extensive work in the area.

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Random Roger's Retirement Planning

MARCH 11, 2024

The 1987 crash was partly attributed to selling portfolio insurance and there was the so called Volmageddon of 2018. 2018 was not 1987 and if there is another event where volatility ends up being a major determent then it will be different than the other two but with some overlap. There have been volatility events before.

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Brown Advisory

MAY 31, 2018

NOW 2018 | China and the Race for Artificial Intelligence achen Thu, 05/31/2018 - 09:20 The advent of artificial intelligence (AI) is one of the top technology stories in recent years. Not surprisingly, AI has also permeated public policy discussions, especially with the U.S. Sharpened by both the U.S.

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Brown Advisory

MAY 31, 2018

NOW 2018 | China and the Race for Artificial Intelligence. Thu, 05/31/2018 - 09:20. The race is on to lead the world in AI innovation, and a panel of experts at NOW 2018 offered insight on the competitive dynamics between the two global superpowers driving progress in AI. Sharpened by both the U.S.

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Random Roger's Retirement Planning

APRIL 17, 2024

The idea of building an All-Weather portfolio of course has its appeal. The basic idea is to be much less volatile than the broad market or the typical 60/40 portfolio. It raises the question though of how much performance should an investor expect or be willing give up for the potential emotional comfort of an All-Weather portfolio.

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Carson Wealth

JANUARY 8, 2024

Goldilocks Job Numbers as Economy Powers Ahead The December payroll report was strong on the surface, with 216,000 jobs created last month and the unemployment rate firm at 3.7%. In fact, the average annual number of jobs gained from 2010-2019 was 2.2 Another 20% gain is possible, however, as it has happened before four times.

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Investment Writing

SEPTEMBER 5, 2023

Commentary about portfolio performance is part of every investment manager’s communications. It can consist of a single line giving portfolio returns. In this article, I review portfolio performance reports’ common components. In this article, I review portfolio performance reports’ common components. For example, “2.5%

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Brown Advisory

JUNE 14, 2018

NOW 2018 Conference: Our Investment Team’s Roundtable Recap achen Thu, 06/14/2018 - 10:27 The NOW conference is always memorable, but this year’s conference included some particularly compelling and provocative ideas. A good number of attendees recoiled in displeasure and an equivalent number perked up eagerly.

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Brown Advisory

JUNE 14, 2018

NOW 2018 Conference: Our Investment Team’s Roundtable Recap. Thu, 06/14/2018 - 10:27. I wanted to make sure we considered those ideas and their implications for the portfolios we manage for our clients, with truly open minds. A good number of attendees recoiled in displeasure and an equivalent number perked up eagerly.

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Trade Brains

NOVEMBER 17, 2023

2018-19 7.04 -1.87 As we know from the data of previous years the margins are not stable due as their earnings were dependent on the number of contracts. Net Profit (Cr.) 2022-23 350.96 2021-22 161.5 2020-21 12.98 -2.37 2019-20 5.68 -3.18 in FY23 as compared to 34.08% in FY22. in FY22 to 0.46 Average (5 Years) 2.52

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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. But what if the numbers were bigger?

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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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Carson Wealth

AUGUST 12, 2024

The late week rebound was supported by better economic data, including some good jobs-related numbers. Markets Perked Up on Better Job Numbers The August 2 jobs report already had markets primed for a potentially volatile week after job gains came in much weaker than expected and the unemployment rate ticked up to 4.3%.

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Trade Brains

FEBRUARY 22, 2024

According to the FY23 report, the total number of employees was 27,517. 2018-19 ₹ 9,812.51 ₹ 3,460.77 Particulars/ Financial Year RoE (%) Yes Bank IDFC First Bank 2022-23 1.80% 9.61% 2021-22 3.15% 0.62% 2020-21 -10.52% 2.69% 2019-20 -75.74% -18.45% 2018-19 6.35% -10.48% Average (5 Years) -14.99% -3.20% RoA was 0.20% and 1.03% in FY23.

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Darrow Wealth Management

JULY 1, 2024

Although a number of these provisions will negatively impact taxpayers starting in 2026, there a few changes that will be positive. In 2018, the brackets dropped to 10%, 12%, 22%, 24%, 32%, 35%, and 37%. In recent years, a number of states developed a sort of workaround for business owners to navigate the SALT cap.

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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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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. The fossil fuel divestment “movement” has gained some momentum in recent years, and it is a topic we discuss with a growing number of clients.

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Brown Advisory

APRIL 22, 2020

Oil & Water: Fossil Fuel Divestment in Sustainable Bond Portfolios. The fossil fuel divestment “movement” has gained some momentum in recent years, and it is a topic we discuss with a growing number of clients. Should an investor looking for a fossil fuel-free portfolio consider this bond? Wed, 04/22/2020 - 13:47.

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Random Roger's Retirement Planning

AUGUST 8, 2022

The last couple of months we've been having a ton of fun looking at what are hopefully very sophisticated portfolios that involve terms like capital efficiency, return stacking and leveraging down (that term is a Random Roger original). Number 2 was to move from market cap weighting to minimum volatility equity exposure.

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Carson Wealth

OCTOBER 23, 2023

Compare that to the 2018-2019 pace of 1.7% The consumption numbers quoted above came amidst surging student loan payments. A diversified portfolio does not assure a profit or protect against loss in a declining market. Excluding shelter, the consumer price index for all other items increased at an annual pace of 2.7%

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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. It has the largest voluntary renewable portfolio of any U.S.

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Brown Advisory

MARCH 9, 2018

Income and Impact: Adding Green Bonds to Investment Portfolios. Fri, 03/09/2018 - 13:46. There are a number of reasons that clients may be interested in adding green bonds to their portfolios. It has the largest voluntary renewable portfolio of any U.S. Georgia Power’s green bond, issued in 2016, is a good example.

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The Irrelevant Investor

JUNE 15, 2019

In 2018, 52% of all participants at Vanguard were invested in a single target-date fund. In 2018, two out of three new participants were in plans that adopted automatic enrollment. These numbers are pretty encouraging. Six in ten people making more than $150,000 contributed the maximum account in 2018.

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Random Roger's Retirement Planning

APRIL 9, 2024

Mutiny Funds put out a paper on the hows and whys of using alts for The Cockroach Portfolio that they manage and that we've looked at a few times. There are expectations embedded in these numbers. Merger arbitrage has been a pretty reliable way to reduce portfolio volatility and act like how investors hope fixed income will act.

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Random Roger's Retirement Planning

AUGUST 28, 2024

It seems to take a page from client/personal holding Standpoint Multi-Asset (BLNDX) by layering managed futures on top of, in this case, a passive 60/40 portfolio. NTSX is leveraged up such that 67% equals 100% into a 60/40 portfolio. I would also note that managed futures did worse in 2016 than 2018. Closing out with a theory.

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Random Roger's Retirement Planning

JULY 3, 2022

I think it is important to manage portfolio volatility to reduce the odds of panicking and reduce the odds that client income needs are disrupted. If I study and/or test drive 10 things and one makes into the portfolio like the Standpoint Multi Asset (BLENDX/REMIX) then I think that is a productive use of time.

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Random Roger's Retirement Planning

SEPTEMBER 7, 2023

VBAIX is a proxy for a 60/40 portfolio. In 2018, Portfolio 1 was down 18.62% while VBAIX was down 2.82% and VOO dropped 4.50%. For a $100,000 portfolio, a 5% weighting to GDE gives you 4.5% That was the best way I could figure to back test the idea, ASFYX is a client and personal holding. The results.

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The Irrelevant Investor

NOVEMBER 16, 2018

Things were going well for crude oil in 2018. I'm guessing that few, if any investors have the bulk of their portfolio in a strategy like this. If you have a 10% position that goes down 20%, it's a 2% drag on your overall portfolio. It's easy to get caught up in large numbers, but context is required.

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The Big Picture

AUGUST 20, 2024

If you recall, back in 2018, vol Mageddon, he was on the right side of that trade, made hundreds of millions of dollars for his firm in identifying a structural problem that was about to blow up. Initially I joined to help them manage their equity portfolio. It provided the perfect opportunity to transition to Canyon Partners.

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Random Roger's Retirement Planning

JULY 15, 2023

The Permanent Portfolio (PRPFX) which purports to be all weather (even if just in design, not sure if they say that in their literature) put in some interesting numbers over the last couple of years. in 2018 when VBAIX dropped 2.8%, not very all weatherish. This year RDMIX is down about 1%. In 2022 it was down 5.5%

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Trade Brains

JULY 27, 2022

The company offers a comprehensive portfolio of ICT solutions for businesses in India under the brand name Tata Tele Business Services (TTBS). Moreover, it follows a progressive approach of partnering with businesses as their trusted technology enabler, empowering them with a comprehensive portfolio of connectivity and digital solutions.

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Random Roger's Retirement Planning

JULY 15, 2022

As a quick reminder, a 67% allocation to 90/60 generally equates to a 100% allocation to a 60/40 portfolio like you might get from Vanguard Balanced Index Fund (VBAIX). For this post I assembled a less dramatic portfolio more in line with Krom's thinking. and that is the number I will assume. or 110 basis points more than VBAIX.

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Carson Wealth

MARCH 4, 2024

The numbers suggest the slight near-term lift in inflation is a bump, not a new surge higher. As a percentage of the workforce, the number of workers quitting their jobs is now at 2.4%, well below where it was a year ago and even lower than it was pre-pandemic. across 2018-2019. The economy continues to appear in good shape.

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Brown Advisory

JULY 22, 2020

centric portfolio. Many venture portfolios take a similar approach, concentrating their bets around geographies and markets that have shown past success. By 2018, the U.S. Per the World Bank, from 1999 to 2018 China’s GDP per capita grew from $873 to $9,770—an annual growth rate of almost 13%.

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Brown Advisory

JULY 22, 2020

centric portfolio. Many venture portfolios take a similar approach, concentrating their bets around geographies and markets that have shown past success. By 2018, the U.S. Number of University Degrees in Science and Engineering 2000-2015. 2018 Share of World Total Applications. industry is now a global phenomenon.

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Random Roger's Retirement Planning

OCTOBER 1, 2022

Barron's has an article titled How To Diversify Your Portfolio With Alternative Investments. In the current market event it is not down anywhere near as much as the S&P 500 or a 60/40 portfolio as measured by VBAIX but still down a good bit. BTAL is a client and personal holding. Diversify your diversifiers. Ditto BDCs.

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