James Hendries

JULY 13, 2022

Increased equity exposure in tactical asset allocation from 62% to 65%. Reduced low duration core bond allocation and increased allocation to small cap equities. The Strategic and Tactical Asset Allocation Committee (STAAC) changed its recommended asset allocation for July, shifting from core bonds to small cap equities.

Portfolio 52

Portfolio Asset Allocation Taxes Investment Advisor 52

Random Roger's Retirement Planning

FEBRUARY 9, 2023

The funds did well in the Financial Crisis and they did well in 2022 but from 2009 onward, one of his two long standing funds has a negative annual growth rate and the one with a positive growth rate was less than 1/3 of a plain vanilla 60/40 portfolio.

Asset Allocation 75

Asset Allocation Portfolio Assets Numbers 75

The Big Picture

MAY 9, 2023

So what we find, and then of course we have a multi-asset solutions business where we talk to clients about the entirety of their portfolio, their strategic asset allocation models. So you’re Chief Investment officer of Asset and Wealth Management. So we start with a strategic asset allocation.

Assets 299

Assets Clients Investing Investments 299

James Hendries

AUGUST 15, 2022

The Strategic and Tactical Asset Allocation Committee (STAAC) made no changes to its recommended asset allocation for August. It is also a major component used to calculate the price-toearnings valuation ratio. We could see a retest of 3.5% over the next few months.

Portfolio 52

Portfolio Asset Allocation Taxes Investment Advisor 52

James Hendries

OCTOBER 7, 2022

in September, temporarily breaking below the June 2022 closing low. The Strategic and Tactical Asset Allocation Committee (STAAC) upgraded its view of duration to neutral. It is also a major component used to calculate the price-toearnings valuation ratio. currency crisis also contributed to a tough month for stocks.

Portfolio 52

Portfolio Taxes Investment Advisor Asset Allocation 52

Random Roger's Retirement Planning

OCTOBER 7, 2024

GMO posted a short paper in support of its Benchmark Free Asset Allocation Strategy (BFAAS). For this post we'll focus on BFAAS' asset allocation. The asset mix is 53.6% A more detailed look at the asset mix shows the the following. A more detailed look at the asset mix shows the the following.

Asset Allocation 52

Asset Allocation Valuation Portfolio Assets 52

James Hendries

AUGUST 15, 2022

We won’t predict a soft landing, but there is a plausible scenario where a mild recession comes in 2023, the S&P 500 does not retest its June 2022 lows, and stocks are nicely higher in a year. We maintain our preference for equities over fixed income and cash in our recommended tactical asset allocation. Conclusion.

Marketing 52

Marketing Marketing Economy Valuation 52

James Hendries

NOVEMBER 22, 2022

Recent wholesale inflation tells a similar story of a peak in pricing pressures, which has been the expectation of the Strategic and Tactical Asset Allocation Committee (STAAC) at LPL Research. You may also be interested in: Inflation and Rising Rates Supports Value – November 14, 2022. IMPORTANT DISCLOSURES.

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Marketing Marketing Valuation Asset Allocation 52

Dear Mr. Market

AUGUST 5, 2022

We’re currently seeing one of the largest disparities in valuations between growth and value stocks which in our opinion presents a very appealing opportunity for dividend seeking investors. The Top 10 Dividend Growth Portfolio was actually created last year and began trading live in January of 2022.

Portfolio 101

Portfolio Risk Tolerance Valuation Investing 101

James Hendries

NOVEMBER 3, 2022

Still, as we survey what are better equity valuations, long-awaited income opportunities in the bond market, and a likely less-antagonistic Fed in 2023, there may be emerging reasons to believe that the next year may be more constructive than the last. Asset allocation does not ensure a profit or protect against a loss.

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Clients Asset Allocation Investment Advisor Assets 52

James Hendries

DECEMBER 12, 2022

The Strategic and Tactical Asset Allocation Committee’s (STAAC) S&P 500 year-end fair value target of 4,000-4,100 is based on a price-to-earnings ratio of 17.5 It is also a major component used to calculate the price-toearnings valuation ratio. Core bonds, as measured by the Bloomberg Aggregate Bond index, were up 3.7%

Portfolio 52

Portfolio Taxes Asset Allocation Investing 52

James Hendries

NOVEMBER 15, 2022

The Strategic and Tactical Asset Allocation Committee’s (STAAC) S&P 500 year-end fair value target of 4,000-4,100 is based on a price-to-earnings ratio of 17.5 It is also a major component used to calculate the price-toearnings valuation ratio. times the STAAC’s 2023 S&P 500 earnings per share forecast of $230.

Portfolio 52

Portfolio Taxes Government Investment Advisor 52

James Hendries

SEPTEMBER 8, 2022

The Strategic and Tactical Asset Allocation Committee (STAAC) downgraded its view of emerging market (EM) equities in August. It is also a major component used to calculate the price-toearnings valuation ratio. Core bonds, as measured by the Bloomberg Aggregate Bond index, lost 2.8%

Portfolio 52

Portfolio Taxes Investment Advisor Asset Allocation 52

Random Roger's Retirement Planning

MAY 2, 2024

Finomial looked at the excess return generated long only factors like momentum, quality, various valuation metrics and I would add covered call fund to this discussion too. It allocates to equities, managed futures, hedged fixed income and it seeks out "idiosyncratic macro dislocations." A few different things for this post.

Portfolio 83

Portfolio Asset Allocation Investing Investments 83

Discipline Funds

MARCH 2, 2024

It forced me to think in a multi-temporal sense which has completely changed how I think about asset allocation. Still, it’s interesting in the context of the last few years because the S&P 500 is only up 11% since 2022. Then again, you do have signs of frothiness and high valuations.

Marketing 110

Marketing Marketing Asset Allocation Assets 110

James Hendries

MARCH 13, 2023

Instead, we got a shockingly fast collapse of a financial institution with over $200 billion in assets, which turned the market’s focus toward the stability of the banking system and what systemic risks banks might be facing. But valuations strongly favor value over growth. The Russell 1000 Growth Index has returned 4.6%

Assets 52

Assets Marketing Marketing Asset Allocation 52

The Big Picture

FEBRUARY 6, 2024

And speaking of the.com implosion, like Microsoft via a case study where we, in previous strategies, we held Microsoft for a very long time, that’s where the valuation could help us in the.com bus. And actually Ben Inker is the head of our asset allocation group. Quality strategies in 2022. It was over 50 right?

Valuation 130

Valuation Investing Investments Assets 130

Trade Brains

SEPTEMBER 26, 2024

Indian households traditionally invested most savings in physical assets. However, financial asset allocation increased recently. Revenue Segments Particulars Amount (Crores) Amount (Crores) Amount (Crores) Amount (Crores) Amount (Crores) Segments 2024 2023 2022 2021 2020 Trading ₹13,586.63 ₹11,182.54 ₹7,762.80 ₹4,848.29 ₹2,832.41

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Compliance Banking Management Risk Management 90

The Big Picture

NOVEMBER 8, 2022

CHANCELLOR: And look — yeah, but then if you look at the valuation of the market at that time, the market was — the U.S. CHANCELLOR: And look — yeah, but then if you look at the valuation of the market at that time, the market was — the U.S. CHANCELLOR: Well, he sort of — yeah, he thought about it.

Banking 147

Banking Valuation Economy Investing 147

Darrow Wealth Management

JUNE 27, 2022

Since trying to time regime changes is very difficult in real time without the benefit of hindsight, there are reasons to consider allocating both U.S. equities to an asset allocation. Valuations. Valuations outside of the United States have been much cheaper to the long-run averages for quite some time.

Portfolio 52

Portfolio Investing Investments Risk Tolerance 52

James Hendries

JUNE 26, 2023

However, the impending end of the Federal Reserve (Fed) rate-hiking campaign, and the economy’s and corporate America’s resilience, help make the bull case that steers LPL Research toward a neutral, rather than negative, equities view from a tactical asset allocation perspective. At the same time, the resilience of the U.S.

Marketing 52

Marketing Marketing Asset Allocation Valuation 52

Investing Caffeine

APRIL 1, 2022

After a painful start to 2022, the stock market surged last month, with the S&P 500 index gaining a respectable +3.6%, while the technology-heavy NASDAQ index rose by +3.4%. They certainly could, but valuations remain attractive given where interest rates currently stand. unemployment rate; record 11.3m Source: Yardeni.com.

Economy 59

Economy Economics Valuation Investing 59

Validea

SEPTEMBER 29, 2022

There’s no sugarcoating it — 2022 hasn’t been kind to investors. The downturn in stocks and other assets reflect a number of concerning things. Second, if investors aren’t willing to assign the same valuation to stocks (due to higher interest rates and uncertainty), that also has a negative effect. Stocks are down.

Assets 69

Assets Portfolio Asset Allocation Retirement 69

Investing Caffeine

JUNE 3, 2024

On the flip side, during 2022, the economy was firing on all cylinders. These items are not static, and can change over time, therefore it’s important to revisit your asset allocation periodically as financial circumstances and life events change your objectives. What did the stock market actually do in 2020?

Risk Tolerance 52

Risk Tolerance Economics Economy Asset Allocation 52

Validea

JANUARY 4, 2023

In reviewing the returns for our portfolios in 2022, which were difficult for the markets and investors, things mostly played out as you may have expected as we look back with hindsight, although there are a few surprises and important lessons I think we can draw from the results. in 2022 vs. a 19.4% Were there any major surprises?

Portfolio 52

Portfolio Risk Management Assets Management 52

Dear Mr. Market

MARCH 17, 2024

EOG is poised to breakout and trades at bargain valuation of about nine times earnings (relative to the S&P at 23 times earnings and a touch under the overall energy sector of 12 times earnings). That said, it loses early in round one simply due to us believing it’s close to full valuation and due for a breather.

Investing 93

Investing Investments Portfolio Assets 93

James Hendries

MARCH 6, 2023

in 2022— to a more sustainable rate that neither stokes inflation nor stalls economic growth. Higher interest rates are challenging stock valuations and perhaps pushing the gains further out in 2023, but we still see solid potential for double-digit returns for stocks this year. What Does This Mean for You? in 2021 and 2.1%

Marketing 52

Marketing Marketing Economy Economics 52

The Big Picture

AUGUST 29, 2023

So there’s been a big push for folks to get the appropriate level of asset allocation in a highly diversified, low cost way. I got to imagine a year like 2022 wasn’t horrible for Vanguard’s asset growth. Go to the decade before 2022, the equity side was something like 13%.

Portfolio 130

Portfolio Investing Investments Numbers 130

Investing Caffeine

FEBRUARY 1, 2022

After this meteoric multi-year rise, stock values started to come back to earth in 2022, and the rocket ship turned into a roller coaster during January. This article is an excerpt from a previously released Sidoxia Capital Management complimentary newsletter (February 1, 2022). www.Sidoxia.com. Slome, CFA, CFP®.

Math 52

Math Assets Investing Investments 52

The Big Picture

JANUARY 21, 2025

I did it during the coronavirus collapse in 2020, and I did it again in 2022. I think it’s very hard to say stocks are objectively cheap because all of these valuation metrics have, have become unreliable over the decades as the nature of the stock market has changed. I did it in 2008 in oh nine.

Investing 147

Investing Investments Management Retirement 147

The Big Picture

JUNE 13, 2023

RITHOLTZ: I forgot to mention, you have received the Chevalier dans l’Ordre de la Légion d’Honneur by the president of the French Republic in January 2022. I don’t know how relevant that is to asset management, but let’s talk a little bit about you were doing before you were being lauded by the French president.

Banking 147

Banking Assets Investing Investments 147

The Better Letter

JANUARY 26, 2024

In late August 2022, he claimed that “ [t]he biggest crash of our lifetime is in progress ,” but it wasn’t. In November, he pushed it back to early 2022. 2014 : “What concerns us beyond valuations is the full ensemble of overvalued, overbought, overbullish conditions.” Also, wrong. percent in 2021.

Assets 105

Assets Valuation Management Marketing 105

The Big Picture

MARCH 26, 2024

He wasn’t tactical asset allocator. Let’s talk about 2022 and 2023. What was 2022 like for you, dealing with a lot of clients and investors concerned about what was going on. What was 2022 like for you, dealing with a lot of clients and investors concerned about what was going on. 22 is a tough year.

Marketing 147

Marketing Marketing Investing Investments 147

The Big Picture

MARCH 14, 2023

He launched his own firm right into the teeth of the collapse in ’09, which turned out to be quite a fortuitous time to launch an asset management shop. Everybody wants to sell a company when they get a good valuation. BERNSTEIN: I think — RITHOLTZ: Well, 2022, clearly, was a macro investors paradise — BERNSTEIN: Yes.

Economy 162

Economy Investing Investments Portfolio 162

The Big Picture

DECEMBER 20, 2022

It’s just a fascinating conversation about looking at the world from both bottoms up and top-down, as well as thinking about what valuations are like, how likely are macro events, the impact you’re getting not just the return on capital, but as famously said in fixed income, a return of your capital. RITHOLTZ: Sure. RITHOLTZ: Wow.

Banking 162

Banking Assets Government Marketing 162

James Hendries

JULY 6, 2022

While we acknowledge that a V-shaped recovery is probably not in the cards and prior valuation targets no longer appear achievable, we remain constructive on equities for the second half, but not complacent. trillion more in checkable deposits on March 31, 2022 than at the end of 2019 before the pandemic. households held $3.2

Marketing 52

Marketing Marketing Valuation Economy 52

The Big Picture

MAY 21, 2024

And one of the worst performing factors has been valuation. So we’re now in an environment where all the 45-year-old portfolio managers out there have been, have worked their entire careers in these momentum fueled markets, and they’ve been trained to believe that valuation doesn’t matter.

Numbers 147

Numbers Management Banking Marketing 147