On Portfolio Returns, Asset Allocation, Benchmarks, Asset Class Returns, Sectors, Countries, Style, Diversification, Indices and more…
I stopped in a local antique shop over the weekend. The owner is retiring and trying to clear out as much as she can before they close the doors so I paid a mere $3 for the Life magazine above. I think it might be worth many multiples of that price for investors who think our situation today is somehow uniquely bad. The cover headline could just as easily be describing today as 1970.
Near term or long term, valuations don’t predict stock returns.
Reimagining portfolios for tomorrow’s reality
People do not buy Bitcoin as an inflation hedge; they do so because it’s exciting.
"Much of how successfully crypto assets can be properly integrated into conventional investment portfolios will depend on how tools from modern portfolio theory (MPT) can be utilized."
Balanced Composite Index, 2021 (31.12) YTD Returns
2021 YTD Returns (31.12.2021)
Imbalances: US equities have lost c. 75% of their value vs bonds from 1971 until 2016
Why should long-term investors care about market forecasts? Vanguard, after all, has long counseled investors to set a strategy based on their investment goals and to stick to it, tuning out the noise along the way.
There is a significant gap between dividends’ reality and how many investors envision them.
More than two centuries of data confirms that value, momentum and low risk offer attractive premiums. These are consistent across various market and macroeconomic scenarios.
Value’s recent strong performance has led many investors to question whether they’ve missed the boat. Here’s why we think they haven’t.