We are pleased to provide a digital copy of Portfolio Insights, our quarterly newsletter. Table of Contents: Stock Market Summary Bond Market Review TIPs Behaving Badly Where Will Stocks Finish in 2017? Dow 20,000 is Upon Us The Big Picture & Fast Facts Click here to read the issue: 2016 Q4 Portfolio Insights
When I describe ‘balance’ in a portfolio, here or in person, I am almost inevitably talking about an allocation that is somewhat evenly split between stocks and bonds. I don’t have to specify that I am talking about how much money is in each allocation (forgetting for a moment all of the sub allocations). In recent years, however, some investment managers have pointed out that a portfolio that is evenly… Read More
We are pleased to provide a digital copy of Portfolio Insights, our quarterly newsletter. Table of Contents: Stock Market Summary Bond Market Review Bulls, Bears, Donkeys & Elephants The Big Picture and Fast Facts Click here to read the issue: 2016 Q3 Portfolio Insights
We are pleased to provide a digital copy of Portfolio Insights, our quarterly newsletter. Table of Contents: Stock Market Summary Bond Market Review Europe’s Brexistential Crisis The Market Hates Uncertainty Compliance Corner: Custody The Big Picture and Fast Facts Click here to read the issue: 2016 Q2 Portfolio Insights
We are pleased to provide a digital copy of Portfolio Insights, our quarterly newsletter. Table of Contents: Stock Market Summary Bond Market Review Healthy Aging Strategies Drawdowns: A New Perspective Is Value Investing Dead? The Big Picture and Fast Facts Click here to read the issue: 2016 Q1 Portfolio Insights
Yesterday’s insight on drawdowns was quite popular and enough people asked for the same thing, so I thought I would do an immediate update. (Click here for the original post.) The first request was for the full history of the S&P 500 since yesterday’s chart only went back 25 years. I picked 25 years somewhat randomly, but mostly because the other chart that went with it was difficult to read going… Read More
We are pleased to provide a digital copy of Portfolio Insights, our quarterly newsletter. Table of Contents: Stock Market Summary Bond Market Review The Fed Awakens Volatility Strikes Back Click here to read the issue: 2015 Q4 Portfolio Insights
We are pleased to provide a digital copy of Portfolio Insights, our quarterly newsletter. Table of Contents: The Correction In Perspective The Importance of Discipline Information Security Today New at Acropolis Janet Blinked Click here to read this issue: 2015 Q3 Portfolio Insights
Given the low interest rate environment that we’ve endured over the last several years, a lot of our clients ask how we can increase the yield of our portfolios. While yield is an important component of total return (which is income and appreciation/deprecation together), we sometimes see investors stretch for yield without fully understanding the consequences of their decisions. The table below shows the SEC-yield (which is a whole story… Read More
One of the bedrock ideas behind Modern Portfolio Theory (MPT) is that diversification lowers risk. A simple view of that concept is that a portfolio of many stocks is less risky than a portfolio that contains one stock because the impact of a failure like Lehman Brothers or Enron won’t blow apart your whole portfolio. Of course, all stocks can go down substantially, like they did in 2008, so diversification… Read More
