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   Investment Thoughts - Chart Gallery
Simple balanced portfolio strategies since 1995
I canít help but to admire these balanced portfolios. Simple and elegant in their asset allocation, easy to implement, highly liquid, transparent, low-cost; yet so profitable and consistent in their long-term results.

Interesting that so few money managers have come even close to match such a performance. Does it have anything to do with the cycles, the clients-behaviour, poor market timing instead of regular re-balancing, too many shifts in strategy at the worst of times?


On the other hand, maybe†we are the new shoe-shine boys; has the time finally come for this strategy to stop working, through a poor performance of bonds and/or equity over multiple decades? Time will tell.

Balanced Portfolio Strategies since 1995

Click on the chart for a larger view

Source: Lipper

25% MSCI World
75% Citigroup WGBI (World Government Bond Index)

50% MSCI World
50% Citigroup WGBI

75% MSCI World
25% Citigroup WGBI

Balanced Portfolio Strategies since 2000

Click on the chart for a larger view

Source: Lipper

25% MSCI World
75% Citigroup WGBI (World Government Bond Index)

50% MSCI World
50% Citigroup WGBI

75% MSCI World
25% Citigroup WGBI

Investment Office, September 2015

10.09.2015


Themes

Asia

Bonds

Bubbles and Crashes

Business Cycles
Central Banks

China

Commodities
Contrarian

Corporates

Creative Destruction
Credit Crunch

Currencies

Current Account

Deflation
Depression

Equity
Europe
Financial Crisis
Fiscal Policy

Germany

Gloom and Doom
Gold

Government Debt

Historical Patterns

Household Debt
Inflation

Interest Rates

Japan

Market Timing

Misperceptions

Monetary Policy
Oil
Panics
Permabears
PIIGS
Predictions

Productivity
Real Estate

Seasonality

Sovereign Bonds
Systemic Risk

Switzerland

Tail Risk

Technology

Tipping Point
Trade Balance

U.S.A.
Uncertainty

Valuations

Yield