Risk Management Guru

APRIL 21, 2020

Why portfolio diversification is for the ignorant investor. Therefore Individuals should pass on the diversification strategy due to the poor quality of many of the diversification instruments such as mutual funds whose main goal is not helping their clients retire. Harper, 2006. Works Cited. Graham, Benjamin. Kaufman, Karl.

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Random Roger's Retirement Planning

OCTOBER 8, 2024

Many details to come but Cambria and Alpha Architect are working to issue a fund where investors can exchange low basis, taxable investment portfolios for shares in this new ETF that will have the symbol TAX without it being a taxable event. In 2008, Portfolio 1 outperformed VBAIX by 697 basis points, down 14.66 versus down 21.63%.

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Random Roger's Retirement Planning

JANUARY 22, 2024

There is a secondary, more subtle point that relates to portfolio construction and portfolio theory as we discuss here and as I have implemented into client accounts. Back in 2006 and 2007 there were far fewer funds available to help offset large stock market declines.

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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). Much like REITs and MLPs in 2006, you see recommendations to put 15-20% in these "new" asset classes now.

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Random Roger's Retirement Planning

MAY 16, 2025

This was around 2005 or 2006, something like that. Locking in for ten years at 4.50%-5% (this was 2006 and early 2007) made no sense to me. For me, bonds are about mitigating the volatility from the equity portion of the portfolio, the portion where I do want capital gains to come from.

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The Big Picture

MARCH 7, 2023

And all these questions that I was trying to answer had direct applications to hedge fund strategies and portfolio management. VASSALOU: I joined in the summer of 2006. And also it was very interesting because even though George Soros had to retired from active investing, when he saw what was happening in the markets, he came back.

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Carson Wealth

OCTOBER 7, 2024

in 2006, and 7.8% A diversified portfolio does not assure a profit or protect against loss in a declining market. The prime-age employment population ratio was unchanged at 80.9% in September. That’s higher than anything we saw between 2001 and 2019 (when it peaked at 80.4%). In fact, consumer credit is up only 1.6% in 2019, 5.9%

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Random Roger's Retirement Planning

JANUARY 15, 2023

Cliff Asness jumps on the period DFA studied, 2006-2022, as being cherry-picked. Well some do provide better risk adjusted returns and some do not. Some outperforming and some underperforming (however you define) is not a new thing and not unique to the liquid alt universe. That is less interesting to me than the comment about fixed income.

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Random Roger's Retirement Planning

AUGUST 19, 2024

Here's an article I wrote about it at theStreet.com when it first listed in late 2006. Using ReturnStacked ETFs' investment process that leaves roughly 30% of the portfolio to stack alternatives on top. There are a couple of ETFs that track the space. One of the oldest ones is the Invesco Listed Private Equity Fund (PSP).

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Trade Brains

FEBRUARY 14, 2023

Yeah, that lot that talks about terms like compounding, risk profile, returns, retirement planning, budgeting, Investing, and whatnot! It aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. 1-yr return 2.5 It has been in existence for over 10 years.

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Random Roger's Retirement Planning

APRIL 8, 2023

Before starting to write today's post, I read the others and it was interesting to see writing about the same ideas all the way back to 2006 when I was 40. My blogging evolved a lot over the last 12 months into a lot more of what I would call portfolio theory with the capital efficiency and return stacking stuff.

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The Better Letter

DECEMBER 15, 2022

Based on the above, nobody should be surprised that 2022 looks like it will be the worst year for the classic 60:40 portfolio since 1937’s -22 percent. 3 Another study , covering the period 1983-2006 utilizing the Russell 3000 Index, achieved similar and consistent results. Things are no better overseas.

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Random Roger's Retirement Planning

JUNE 23, 2022

There are two ETFs that target capital markets broadly, the SPDR S&P Capital Markets ETF (KCE) and the iShares US Broker-Dealers & Securities Exchanges ETF (IAI) that came out in 2005 and 2006 respectively. I own CBOE in the context of constructing a normal portfolio not an all-weather.

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Cordant Wealth Partners

SEPTEMBER 6, 2022

In the RSU strategy section below, we’ll cover ideas to use RSU income as a tool to reduce your tax bill and increase your retirement savings. You can use your RSUs to boost your retirement savings and reduce taxes today. How Many RSUs Does Microsoft Give? Let’s look at a simplified example.

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The Big Picture

DECEMBER 5, 2023

He was 55, he wanted to retire when he’s 60 families, take a while to get used to somebody. So he wanted me to work with him and then he’d retire. What sort of risks does this create for your portfolio companies? You were a lecturer, you began at Stanford in 2006. I i I like that description.

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The Big Picture

APRIL 18, 2023

Both in terms of the aggregate revenue of our company, size of our portfolio, we’re probably now something like 150 total investments, many hundreds of billions of revenue, hundreds of thousands of employees if you add up all of the companies in which we’re invested. In 2006, ’07, ’08, you saw the financial crisis.

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The Irrelevant Investor

JANUARY 19, 2019

Since the end of 2006, active investors have pulled $1.2 Walter Cabot, the new portfolio manager, wrote: Times change. Portfolio managers would no longer rapidly trade these growth stocks, instead they would invest in blue chips like IBM and Disney, and no price was too rich. trillion from active mutual funds and plowed $1.4

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The Big Picture

AUGUST 20, 2024

Initially I joined to help them manage their equity portfolio. 00:15:57 [Speaker Changed] Portfolio was 00:15:58 [Speaker Changed] The portfolio insurance components, right? So like down to the point the portfolio insurance was consuming somewhere around 30 to 40% of the, the volume on the s and p 500 on a normal basis. .

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The Big Picture

MAY 9, 2023

And then in a fit of madness, I guess, at the end of 2006, the credit markets were pretty uninteresting. But what was interesting about that was the quick need to both separate the portfolio between the old stuff and the new stuff, because there were a lot of new investment opportunities. There wasn’t a lot to do.

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The Big Picture

OCTOBER 24, 2022

She has a fascinating career, starting a PLS working away up as an analyst and eventually, head of outcome-based strategies for Morningstar, eventually rising from that position and portfolio manager to Chief Investment Officer. Let me give you some background on Morningstar Managed Portfolios. I saw how personal money is.

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Random Roger's Retirement Planning

AUGUST 17, 2023

The title tells you the author's conclusion, Why Your Portfolio Should Hold Way More Than 30 Stocks. If a portfolio starts with 40 holdings each with an equal 2.5% So while it would be rare to have one go to zero without you paying attention and taking action, I think the typical portfolio could ride out something in the 2.5-3.5%

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Cordant Wealth Partners

JULY 18, 2022

However, some employers will offer an acceleration of a year (or more) of vesting as part of severance or retirement packages (or potentially in the case of death or disability). Now, for those of you already maxing out your retirement accounts, the next strategy might be for you. Separation from your employer usually stops vesting.

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The Big Picture

JULY 24, 2023

MIAN: So Stray Reflections is a macro advisory and community that works with portfolio managers, CIOs around the world. If you think about construction specifically, since the construction activity peaked in mid-2006 it took 18 months for unemployment in the construction industry to go up. Tell us a little bit about your research.

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The Big Picture

AUGUST 29, 2022

And in 2006, I got a hand at ETFs. of that fund had to call himself a portfolio administrator. RITHOLTZ: You made my retirement …. It’s going to be the core of most (inaudible) portfolios because it’s just too — too good of a deal. BALCHUNAS: … and stuff that would go on the outside of your portfolio.

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Walkner Condon Financial Advisors

FEBRUARY 6, 2024

The emerging markets asset class outperformed all others in 2003, 2005, 2007 and 2009, while finishing second in 2004, 2006, and 2012. large cap horse, lest your portfolio run the risk of colliding into a trolley cart of horse manure returns. jigawatts of investing power (and volatility)! Sounds unstoppable, right?

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Cordant Wealth Partners

AUGUST 25, 2021

We’ll cover what is too concentrated , the benefits of portfolio diversification (and the drawbacks), plus provide some tips on managing taxes. In our conversations with Tech professionals, we’ve learned that most know they should diversify their portfolio. What is Portfolio Diversification? But they don’t know how to start.

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The Better Letter

JANUARY 12, 2023

And, over its full life, Jim Cramer’s Action Alerts Plus portfolio badly underperformed the market. Bernstein, “Forecasting: Fables, Failures, and Futures – Continued,” in Economics and Portfolio Strategy , November 15, 2002, p. Stiglitz insisted , “the inflationary impacts will be at most negligible.”

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The Big Picture

APRIL 18, 2025

Barron’s ) This Family Spent Years Chasing the Holy Grail of a 100% Roth Retirement Portfolio : Even those who arent all in are moving money into Roths because of volatile markets. Tariffs will threaten the regions newfound prosperity, but its economic gains may prove surprisingly durable.

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The Big Picture

NOVEMBER 25, 2024

Not only did he stand up a research shop from a dorm room in college and started selling model portfolios to fund managers, but eventually created a suite of first mutual funds. This was the era, 2005, 2006, all of my friends were looking to get banking roles. Well, most naive value portfolios are stuffed with financials.

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The Big Picture

APRIL 8, 2024

00:19:54 [Speaker Changed] So you retired if it’s not working and you move on to the next that. He helps portfolio managers make sense of the world. But if you go back to 2006 point half percent sounds high. Sometimes you do things and after a while you conclude it’s not the best idea. Not, not useful.

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The Big Picture

JUNE 20, 2023

And this was back in 2005 or 2006. MORGENSON: And so you have pensioners at Bristol-Myers or Lockheed or Coors is another who are really relying on private equity to do the right thing for their pensions going forward, for their retirement, for their payouts when they need them. MORGENSON: And so, he buys this portfolio of junk bonds.

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The Big Picture

FEBRUARY 20, 2024

Early retirements have been taking place a giant uptick in new business formation. If, you know, if you think about when, when Ben Bernanke came in in 2006, you know, the die was already cast, right. I think there are definitely commercial banks that are gonna have trouble due to their concentrated commercial office building portfolio.

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The Big Picture

OCTOBER 31, 2022

SIEGEL: — or 2006, ’07, ‘08. RITHOLTZ: So I said something at an event where I had said to a group of young people, hey, if you’re in your 20s, 30s, 40s, you really don’t need bonds in your portfolio. You go even further than that and say, “Most portfolios could be fine if they’re equity only.”. SIEGEL: Yeah.

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