The Big Picture

MAY 21, 2025

This pronouncement motivated subsequent blog posts (notably in 2005 and 2021 ) and a full chapter in “ How Not to Invest.” That guy who wrote, Sorry, Steve: Heres Why Apple Stores Wont Work , I wonder what the rest of his portfolio looks like… Finance seems to encourage this kind of forecasting. billion per month.

Retail 207

Retail Media Electronics Investments 207

Wealth Management

NOVEMBER 20, 2024

Hwang was found guilty in July of orchestrating a scheme to mislead his bank counterparties into providing Archegos with billions of dollars in trading capacity that inflated the value of his portfolio until the bubble burst in March 2021.

Banking 255

Banking Portfolio 255

Validea

JUNE 2, 2025

Investors looking for a diversified portfolio that performs well in all market conditions have long been drawn to the All Weather Portfolio, a strategy pioneered by Ray Dalio of Bridgewater Associates. The portfolio allocates across U.S. equities, gold, commodities, and long-duration and intermediate-term Treasury bonds.

Portfolio 52

Portfolio Investing Investments Economics 52

Random Roger's Retirement Planning

MARCH 15, 2025

You're 81 and been taking income from your portfolio for 15 years, what matters to you more, that you can continue to take what you need from your portfolio or that four year run in your mid-50's when you beat (or lagged) the market? If you're 81 and can no longer meet your income need from your portfolio, that is what matters.

Portfolio 59

Portfolio Medical Marketing Marketing 59

Random Roger's Retirement Planning

MARCH 12, 2025

Let's dig in some more on Permanent Portfolio quadrant style. Next is the allocation for the United States Sovereign Wealth Fund ETF that I made up a few days ago and next to that is my most recent attempt from November to recreate the Cockroach Portfolio which is managed by Mutiny Funds. TRTY is a tough hold.

Portfolio 59

Portfolio Taxes Numbers Investments 59

Calculated Risk

OCTOBER 1, 2022

The serious delinquency rate is down from 1.79% in August 2021. Click on graph for larger image By vintage , for loans made in 2004 or earlier (1% of portfolio), 2.48% are seriously delinquent (down from 2.60% in July). Fannie Mae reported that the Single-Family Serious Delinquency decreased to 0.72% in August from 0.76% in July.

Portfolio 246

Portfolio 246

The Big Picture

JANUARY 3, 2023

Consider: From 2010 through 2021, The S&P500 Index gained 330% — a little over 13% annually (not including dividends). Monetary stimulus (ZIRP/QE) from 2009-2021. But Tesla’s annus horribilis followed a strong 2021 at +49.8%. over 2021-22, but Amazon dropped more, losing 48.9% What’s already priced in?

Economy 328

Economy Economics Portfolio Marketing 328

Abnormal Returns

AUGUST 20, 2024

papers.ssrn.com) A rave review for Alan Blinder's "A Monetary and Fiscal History of the United States 1961-2021." mrzepczynski.blogspot.com) Why not build portfolios with semi-volatility in mind? (sherwood.news) Monetary policy Better monetary policy is making for more predictable currency rates.

Sales 276

Sales Portfolio Investing Investments 276

Calculated Risk

JULY 29, 2022

The serious delinquency rate is down from 2.08% in June 2021. Click on graph for larger image By vintage , for loans made in 2004 or earlier (1% of portfolio), 2.75% are seriously delinquent (down from 2.86% in May). Fannie Mae reported that the Single-Family Serious Delinquency decreased to 0.81% in June from 0.87% in May.

Portfolio 246

Portfolio 246

The Big Picture

DECEMBER 11, 2023

billion in retail inventory losses in 2021 was not “attributable to organized retail crime.” retailers retracted its claim that “organized retail crime” accounted for nearly half of all inventory losses in 2021 after finding that incorrect data was used for its analysis.” In 2021, he told a U.S. for over a decade.”

Retail 353

Retail Accounting Sales Numbers 353

The Big Picture

JANUARY 3, 2025

Prior to joining Raymond James, Sunaina founded Cebile Capital , which was acquired by Raymond James in 2021. Hurst was Cliff Asness first hire in the Quantitative Research Group at Goldman Sachs Asset Mgmt, where he built the portfolio management and trading technology for the Global Alpha Fund.

Portfolio Management 162

Portfolio Management Assets Management Economics 162

Calculated Risk

MARCH 27, 2023

Click on graph for larger image By vintage , for loans made in 2004 or earlier (1% of portfolio), 2.04% are seriously delinquent (down from 2.11% in January). So, Fannie is still working through a few poor performing loans from the bubble years.

Portfolio 246

Portfolio 246

Calculated Risk

MAY 29, 2024

Asset Quality Metrics Remained Generally Favorable With the Exception of Material Deterioration in Credit Card and Commercial Real Estate (CRE) Portfolios: Loans that were 90 days or more past due or in nonaccrual status increased to 0.91 The quarterly increase was led by commercial and industrial loans and non-owner-occupied CRE loans.

Numbers 312

Numbers Banking Insurance Assets 312

Abnormal Returns

DECEMBER 20, 2023

downtownjoshbrown.com) A lot of stuff matters beside your portfolio. obliviousinvestor.com) Splitting your portfolio in two. savantwealth.com) The IRS is extending an olive branch to taxpayers who owe money from 2020-2021. (financialsamurai.com) Investing Five ways you lost money in 2023 including overtrading.

Retirement 279

Retirement Portfolio Accounting Taxes 279

Abnormal Returns

FEBRUARY 28, 2024

(allstarcharts.com) Bitcoin hit its highest level since November 2021. blockworks.co) Strategy Rubin Miller, "Investing on hopes and hunches — making emotional decisions — is why so few portfolios earn the actual market return." behaviouralinvestment.com) Why the 60/40 portfolio isn't going anywhere.

Valuation 278

Valuation Financial Advising Startup Media 278

The Big Picture

APRIL 26, 2023

Desmond loved to ask professional portfolio managers “What percentage of stocks would you expect would be making new highs at the top day of the bull market when the Dow Jones was making its absolute high?” He noted that markets get increasingly narrow by cap size (capitalization) as longer secular bull markets approach their ends.

Portfolio Management 288

Portfolio Management Marketing Marketing Portfolio 288

The Big Picture

MARCH 28, 2024

2021 Inflation Surge : In March 2021, CPI shot through the feds upside target of 2%. If you believed these stories, and acted on them, your portfolio probably did poorly in markets over this era. Instead, markets rallied 69% as the tech sector provided the means for the services sector to operate remotely.

Manufacturing 340

Manufacturing Economy Marketing Marketing 340

The Big Picture

OCTOBER 7, 2022

If only the Fed didn’t do X, our portfolio would have been much better” seems to be a terrible approach to managing assets for clients. During the same period of time, the S&P 500 rose 67.9% (2020) and 28.7% (2021). I am not a Fed hater or part of the crew that wants to “End the Fed.”

Banking 336

Banking Economics Portfolio Assets 336

The Big Picture

MARCH 3, 2023

2 The current move from 2021 highs is shown in red. My portfolio was tiny; I had no 401k, and my wife’s 403(b), with less than a decade’s worth of contributions, was barely 5-figures. The GFC and the pandemic were global phenomena; the 2022 market was the worst since 1981 for a 60/40 portfolio.

Marketing 336

Marketing Marketing Economics Portfolio 336

Trade Brains

SEPTEMBER 17, 2023

Top Indian Stocks Held By Goldman Sachs : Goldman Sachs has been serving clients in India since the 1980s and established an onshore presence in Bengaluru, in 2004, Mumbai, India in December 2006 and a new office in Hyderabad opened in 2021 following a ten-year joint venture. 1,630,031 67.4 Cr Sula Vineyards Ltd 3,989.9 1,896,027 90.3

Portfolio Analysis 130

Portfolio Analysis Portfolio Manufacturing Insurance 130

Random Roger's Retirement Planning

JUNE 2, 2025

We talk about this some but when you try to understand how well a holding has done or how well a portfolio has done, it is important to understand the track record. The Invenomic Fund (BIVIX) that we've looked at a few times is seriously skewed by two phenomenal years in 2021 and 2022 when it was up 61% and then 50%.

Portfolio 59

Portfolio Management Assets Banking 59

The Big Picture

OCTOBER 20, 2023

Instead of cherry-picking the S&P 500, what about a simple 60/40 portfolio (e.g., My Tweet from 10:33 AM · Oct 12, 2021 2. $1 1 in the 60/40 portfolio with dividends reinvested grew at 6.30% annualized; over that 24-year period it would have grown to $4.36 ; data returns from Nick Maggiulli’s U.S.

Investing 340

Investing Investments Math Medicine 340

Abnormal Returns

JANUARY 3, 2023

capitalspectator.com) 2022 was the third worst year for the 60/40 portfolio. in 2022 vs. 2021. Markets How major asset classes performed in December 2022. awealthofcommonsense.com) The Dow lead the major indices in 2022. albertbridgecapital.com) Strategy Don't let the turn of the calendar overly influence your thinking.

Startup 242

Startup Valuation Financial Advising Distribution 242

Random Roger's Retirement Planning

JUNE 3, 2025

I do not think a two or three fund portfolio is optimal but it is valid and I think it is hard to justify some sort of model with a lot of funds that results just like a 60/40 mutual fund like Vanguard Balanced Index Fund (VBAIX). Portfolio 2 is plain vanilla 60/40. From 2010, through 2021, the S&P 500 only had one down year.

Portfolio 59

Portfolio Marketing Marketing Clients 59

The Big Picture

APRIL 24, 2023

Within the equity portion of your portfolios, they can provide some measure of diversification. Oversimplifying them into narratives or relying on context-free myths will not serve your portfolio well. Consider 4 geographic regions: The US, the Developed world Ex US, Emerging markets, and Frontier.

Economics 299

Economics Marketing Marketing Portfolio 299

The Big Picture

OCTOBER 10, 2022

Here’s how to clean up your portfolio without feeling ashamed. In fact, he was talking about the need to weed out the fake accounts — before he even bid. ( New York Post ). • Make Peace With Your Stock Market Losses : For investors, the only thing worse than losing is having to admit that you’re a loser. Wall Street Journal ). •

Economics 292

Economics Management Accounting Portfolio 292

The Big Picture

NOVEMBER 20, 2023

My firm RWM uses Canvas for those clients who want their portfolios to reflect their values. The most popular ESG application of direct indexing software has been to remove guns and tobacco from portfolios. It reflects the desire for investors to have their portfolios reflect their personal values.

Taxes 195

Taxes Portfolio Investing Investments 195

The Chicago Financial Planner

JUNE 13, 2022

After a strong finish in 2020 and very solid returns in 2021, we’ve seen a lot of market volatility so far in 2022. Ideally you’ve been rebalancing your portfolio along the way and your asset allocation is largely in line with your plan and your risk tolerance. Also assess your feelings about your portfolio’s performance.

Risk Tolerance 188

Risk Tolerance Marketing Marketing Financial Planner 188

Trade Brains

OCTOBER 23, 2023

In 2022-23, the company in the automobile industry produced 2,59,31,867 vehicles, comprising Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers, and Quadricycles, compared to 2,30,40,066 units in 2021-22. The post 5 Best Stocks Held By HDFC Small Cap Fund – Portfolio Analysis appeared first on Trade Brains.

Portfolio Analysis 105

Portfolio Analysis Portfolio Manufacturing Engineering 105

A Wealth of Common Sense

NOVEMBER 15, 2022

The more exciting your portfolio, the worse your performance is in this bear market. This is in stark contrast to the FOMO days of 2020 and 2021 when it felt like the only place to put your money was the. Boring is better this year in the markets.

Investing 145

Investing Investments Portfolio Marketing 145

The Big Picture

JULY 13, 2023

New York Times ) Be sure to check out our Masters in Business next week with Tom Wagner, Co-Portfolio Manager at Knighthead Capital. My morning train reads: • Stocks Took an 18-Month Round Trip From Tech Bear to AI Bull : The same handful of megacap names that led the market down have been powering the latest surge.

Portfolio Management 246

Portfolio Management Food Economy Accounting 246

The Chicago Financial Planner

FEBRUARY 3, 2022

At the end of 2021, Meta shares comprised 1.96% of the Vanguard S&P 500 Index ETF (ticker VOO). With the tremendous year for stocks in in 2021, many investors are likely still in a good long-term position. This is a good time to rebalance your portfolio back to your target asset allocation if needed as well.

Asset Allocation 190

Asset Allocation Financial Planner Marketing Marketing 190

Random Roger's Retirement Planning

FEBRUARY 17, 2024

From the AQR site , QSPIX "aims to deliver attractive risk adjusted returns with low correlation to traditional stock/bond portfolios by investing in a broad and diversified range of alternative risk premia." So a core holding, I think that conceptually it could be risk parity meets the Permanent Portfolio?

Portfolio 81

Portfolio Management Marketing Marketing 81

The Chicago Financial Planner

FEBRUARY 5, 2022

In 2021 the indicator held true to form, sort of, with the market having an up year after Tampa Bay’s win. What impact have the solid stock market gains of the past three years had on your portfolio? Solid, well-managed active funds can also contribute to a well-diversified portfolio. How has the Super Bowl Indicator done?

Investing 184

Investing Investments Financial Planner Risk Tolerance 184

David Nelson

JANUARY 3, 2023

Investors need to do their own due diligence and perform a full ORM review of their portfolio and its ability to navigate the many challenges we face at the start of a new year. From 2017 – 2021 growth outperformed value by a staggering 119%. S&P 500 2 Years. Growth vs Value – There was no alternative. 60-40 is reborn.

Risk Management 98

Risk Management Portfolio Management Valuation 98

Calculated Risk

FEBRUARY 27, 2023

For Fannie, by vintage , for loans made in 2004 or earlier (1% of portfolio), 2.11% are seriously delinquent (down from 2.16% in December). For loans made in 2005 through 2008 (1% of portfolio), 3.40% are seriously delinquent (down from 3.49%).

Portfolio 130

Portfolio 130

Random Roger's Retirement Planning

NOVEMBER 22, 2024

As I read the FT article, I had a thought about how to try to make the fund work as part of diversified portfolio, not the entire portfolio. The way Portfolios 1 and 2 are weighted, the math works for being a 60/40 portfolio and then from there we add portable alpha/capital efficiency/return stacking. It has a 0.78

Portfolio 52

Portfolio Math Assets Clients 52