Random Roger's Retirement Planning

OCTOBER 7, 2024

GMO posted a short paper in support of its Benchmark Free Asset Allocation Strategy (BFAAS). For this post we'll focus on BFAAS' asset allocation. The asset mix is 53.6% A more detailed look at the asset mix shows the the following. A more detailed look at the asset mix shows the the following.

Asset Allocation 52

Asset Allocation Valuation Portfolio Assets 52

The Big Picture

FEBRUARY 6, 2024

You wouldn’t be surprised to learn the tax consequences of owning a mutual fund is a part of it. And speaking of the.com implosion, like Microsoft via a case study where we, in previous strategies, we held Microsoft for a very long time, that’s where the valuation could help us in the.com bus. Really fascinating guy.

Valuation 130

Valuation Assets Investments Investing 130

Truemind Capital

NOVEMBER 29, 2020

levied higher taxes on people to generate revenue for expenditure. Rome’s trade by severely hit by triangular problems of hyperinflation, high taxes and worthless currency. This has resulted in skyrocketing valuations of the stock markets. Nifty currently is trading at a multi-year’s high valuation. K-shape recovery ?

Asset Allocation 52

Asset Allocation Valuation Assets Portfolio 52

James Hendries

JULY 13, 2022

Increased equity exposure in tactical asset allocation from 62% to 65%. Reduced low duration core bond allocation and increased allocation to small cap equities. The Strategic and Tactical Asset Allocation Committee (STAAC) changed its recommended asset allocation for July, shifting from core bonds to small cap equities.

Portfolio 52

Portfolio Asset Allocation Taxes Investment Advisor 52

Brown Advisory

MARCH 28, 2019

One of our firm’s strategic advisors was on the Reagan-era tax policy team that implemented the 5% rule; they sought to ensure that private foundations did not become favorable havens for tax-free growth. The “shoestring curve” below depicts these risks for a hypothetical portfolio, assuming various asset allocation targets.

Asset Allocation 52

Asset Allocation Portfolio Assets Clients 52

Brown Advisory

MARCH 28, 2019

One of our firm’s strategic advisors was on the Reagan-era tax policy team that implemented the 5% rule; they sought to ensure that private foundations did not become favorable havens for tax-free growth. The “shoestring curve” below depicts these risks for a hypothetical portfolio, assuming various asset allocation targets.

Asset Allocation 52

Asset Allocation Portfolio Assets Clients 52

James Hendries

AUGUST 15, 2022

The Strategic and Tactical Asset Allocation Committee (STAAC) made no changes to its recommended asset allocation for August. Interest income may be subject to the alternative minimum tax. Municipal bonds are federally tax-free but other state and local taxes may apply. We could see a retest of 3.5%

Portfolio 52

Portfolio Asset Allocation Taxes Investment Advisor 52

Truemind Capital

OCTOBER 18, 2024

The assumption that asset prices will keep rising can quickly be challenged by things like escalating geopolitical tensions, a U.S. This is where our disciplined dynamic asset allocation approach will really shine, keeping us steady through any rough waters ahead. The Sep’24 ending PE Ratio of 24.8x

Financial Market 52

Financial Market Asset Allocation Marketing Marketing 52

Brown Advisory

MARCH 30, 2018

While February’s volatility did not materially change our asset allocation views, it reinforced to us the importance of a comprehensive discussion about how we think about risk and how we manage it. sectors due to the recent tax law overhaul. We tackle the topic of risk in several different ways throughout this report.

Asset Allocation 52

Asset Allocation Portfolio Assets Valuation 52

Truemind Capital

JANUARY 16, 2024

Some of the fund managers continued discouraging flows in Mid & Small Cap stocks by either sounding cautious, dropping coverage, or stopping the inflows owing to frothy valuations in the space. We maintain our underweight position to equity (check the 3rd page for asset allocation) due to an unfavorable risk-reward ratio.

Financial Market 52

Financial Market Marketing Marketing Asset Allocation 52

Brown Advisory

MAY 31, 2017

EUROPEAN RE-ENTRY: Why We Are Shifting Portfolios Toward European Stocks achen Thu, 06/01/2017 - 02:47 Asset allocation—at least for us—is an exercise in nuance. We move slowly and carefully when it comes to shifting our portfolios away from one asset class or region and toward another. is not particularly notable.

Portfolio 52

Portfolio Asset Allocation Valuation Economics 52

Brown Advisory

MAY 31, 2017

Asset allocation—at least for us—is an exercise in nuance. We move slowly and carefully when it comes to shifting our portfolios away from one asset class or region and toward another. EUROPEAN RE-ENTRY: Why We Are Shifting Portfolios Toward European Stocks. Thu, 06/01/2017 - 02:47. is not particularly notable. is much clearer.

Portfolio 52

Portfolio Asset Allocation Valuation Economics 52

Brown Advisory

JULY 24, 2018

But beyond the economic cycle’s age, several factors suggest that a more defensive mindset is worth considering: Valuations are elevated. Robust Q1 2018 earnings growth improved the valuation picture for U.S. It is worth noting that valuations are more reasonable in developed international and emerging markets; however, U.S.

Valuation 52

Valuation Economics Asset Allocation Clients 52

Brown Advisory

JULY 24, 2018

But beyond the economic cycle’s age, several factors suggest that a more defensive mindset is worth considering: Valuations are elevated. Robust Q1 2018 earnings growth improved the valuation picture for U.S. It is worth noting that valuations are more reasonable in developed international and emerging markets; however, U.S.

Valuation 52

Valuation Economics Asset Allocation Clients 52

Brown Advisory

AUGUST 1, 2018

We tend to be strategic rather than tactical in our approach to investing, but a combination of recent fundamental developments and valuation changes has caused us to add a note of caution in conversations with clients and in the management of their portfolios. From an economic perspective, growth in the U.S. Concentration: Much of the U.S.

Management 52

Management Investments Investing Valuation 52

Brown Advisory

AUGUST 1, 2018

We tend to be strategic rather than tactical in our approach to investing, but a combination of recent fundamental developments and valuation changes has caused us to add a note of caution in conversations with clients and in the management of their portfolios. From an economic perspective, growth in the U.S. Concentration: Much of the U.S.

Management 52

Management Investments Investing Valuation 52

Brown Advisory

DECEMBER 2, 2015

This helps to meet your immediate needs and instill discipline in a longterm context, averting excessive spending when valuations are rising. There are three fundamental variables to monitor in portfolio management: market performance, changes in tax policy and a portfolio’s rate of drawdown (expenses and spending).

Taxes 52

Taxes Clients Estate Planning Portfolio 52

James Hendries

DECEMBER 12, 2022

The Strategic and Tactical Asset Allocation Committee’s (STAAC) S&P 500 year-end fair value target of 4,000-4,100 is based on a price-to-earnings ratio of 17.5 Interest income may be subject to the alternative minimum tax. Municipal bonds are federally tax-free but other state and local taxes may apply.

Portfolio 52

Portfolio Taxes Asset Allocation Investments 52

Validea

SEPTEMBER 29, 2022

Second, if investors aren’t willing to assign the same valuation to stocks (due to higher interest rates and uncertainty), that also has a negative effect. Multi-Asset Portfolios. All of this has impacted stocks, bonds and gold. For companies, if profits start to be negatively impacted, that makes their values decline.

Assets 69

Assets Portfolio Asset Allocation Retirement 69

James Hendries

NOVEMBER 15, 2022

The Strategic and Tactical Asset Allocation Committee’s (STAAC) S&P 500 year-end fair value target of 4,000-4,100 is based on a price-to-earnings ratio of 17.5 Interest income may be subject to the alternative minimum tax. Municipal bonds are federally tax-free but other state and local taxes may apply.

Portfolio 52

Portfolio Taxes Government Asset Allocation 52

James Hendries

OCTOBER 7, 2022

The Strategic and Tactical Asset Allocation Committee (STAAC) upgraded its view of duration to neutral. There is no assurance that the views or strategies discussed are suitable for all investors and they do not take into account the particular needs, investment objectives, tax and financial condition of any specific person.

Portfolio 52

Portfolio Taxes Asset Allocation Investment Advisor 52

James Hendries

SEPTEMBER 8, 2022

The Strategic and Tactical Asset Allocation Committee (STAAC) downgraded its view of emerging market (EM) equities in August. Interest income may be subject to the alternative minimum tax. Municipal bonds are federally tax-free but other state and local taxes may apply.

Portfolio 52

Portfolio Taxes Asset Allocation Investment Advisor 52

Trade Brains

SEPTEMBER 26, 2024

Indian households traditionally invested most savings in physical assets. However, financial asset allocation increased recently. Disclaimer: EBITDA has been calculated using Profit before tax and adding back depreciation and amortization, interest, and deducting other income. lakh crore and ₹3.1

Compliance 90

Compliance Banking Management Assets 90

ClearMoney

NOVEMBER 4, 2021

As with many things in life, the truth is somewhere between the extremes: While both simulated and real-world data suggest momentum may not be suitable as a driver of long-term asset allocations, we believe momentum considerations can be integrated in a cost-effective way to help inform daily portfolio management decisions.

Asset Allocation 52

Asset Allocation Commission Portfolio Assets 52

Investing Caffeine

JUNE 3, 2024

These items are not static, and can change over time, therefore it’s important to revisit your asset allocation periodically as financial circumstances and life events change your objectives. Short-term news cycle headlines shouldn’t drive portfolio decision-making, but rather your personal objectives, goals, and risk tolerance.

Risk Tolerance 52

Risk Tolerance Economy Economics Asset Allocation 52

Investing Caffeine

APRIL 1, 2022

They certainly could, but valuations remain attractive given where interest rates currently stand. If interest rates rise dramatically, all else equal, then that will be challenging for all asset pricing. Source: Yardeni.com. Could the headwinds previously described cause prices to go lower? www.Sidoxia.com. Slome, CFA, CFP®.

Economy 59

Economy Economics Valuation Investments 59

Brown Advisory

SEPTEMBER 3, 2015

Investors had snapped up Puerto Rican debt because of high yields and exemption from federal, state and local taxes in the U.S. Meanwhile, tax revenues have declined to about 12% of GNP from more than 15% before 2006, the Krueger report said. By Taylor Graff, CFA, Asset Allocation Analyst. Dream or Opportunity?

Transportation 52

Transportation Economy Government Asset Allocation 52

Brown Advisory

JULY 1, 2016

Changes in their assumed rate of return can impact decisions ranging from asset allocation to the spending level that a portfolio can rationally support. McKinsey points out that the after-tax profit margin of publicly traded North American companies increased from 5.6% Thus, it’s important to have a view on this key question.

Investments 52

Investments Investing Portfolio Assets 52

Brown Advisory

JULY 1, 2016

Changes in their assumed rate of return can impact decisions ranging from asset allocation to the spending level that a portfolio can rationally support. McKinsey points out that the after-tax profit margin of publicly traded North American companies increased from 5.6% Thus, it’s important to have a view on this key question.

Investments 52

Investments Investing Portfolio Assets 52

Brown Advisory

OCTOBER 11, 2021

We believe that the investment return needed to achieve that objective should be the most important guidepost for a portfolio’s asset allocation. With traditional assets like stocks and bonds at high valuations, the implications for future returns of those assets may be underwhelming. Source: BLOOMBERG.

Assets 52

Assets Portfolio Asset Allocation Risk Tolerance 52

Brown Advisory

OCTOBER 11, 2021

We believe that the investment return needed to achieve that objective should be the most important guidepost for a portfolio’s asset allocation. With traditional assets like stocks and bonds at high valuations, the implications for future returns of those assets may be underwhelming. Source: BLOOMBERG.

Assets 52

Assets Portfolio Asset Allocation Risk Tolerance 52

Investing Caffeine

FEBRUARY 1, 2022

As I have discussed numerous times in the past, money goes where it is treated best, which is why interest rates, cash flows, and valuations play such a key role in ultimately determining long-term values across all asset classes. This notion rings especially true when it comes to finance and investing.

Math 52

Math Assets Education Investments 52

Brown Advisory

MARCH 13, 2018

As worries mounted with regard to higher inflation and interest rates, investors refocused on the stimulative influence of the Tax Cuts and Jobs Act. Even without an acceleration in spending, the new tax legislation may act as a stimulus to the economy. In addition to these signs of greater growth ahead, the weakening U.S.

Investments 52

Investments Investing Economy Assets 52

Brown Advisory

MARCH 13, 2018

As worries mounted with regard to higher inflation and interest rates, investors refocused on the stimulative influence of the Tax Cuts and Jobs Act. Even without an acceleration in spending, the new tax legislation may act as a stimulus to the economy. In addition to these signs of greater growth ahead, the weakening U.S.

Investments 52

Investments Investing Economy Assets 52

WiserAdvisor

AUGUST 18, 2022

This entire process is known as investment analysis where you use multiple valuations to understand and analyze the market along with those of different firms, industries, and sectors. Further, the advisor can offer assistance in matters related to creating a budget, reducing your taxes, boosting your savings rate, and more.

Investments 52

Investments Investing Financial Advisor Economy 52

Brown Advisory

MAY 10, 2018

In this article, our head of asset allocation discusses how we are managing trade risk, while still embracing global growth opportunities in our portfolios. Any business or tax discussion contained in this communication is not intended as a thorough, in-depth analysis of specific issues. Tariffs: Bark or Bite?

Economy 52

Economy Portfolio Clients Sales 52

Brown Advisory

MAY 10, 2018

In this article, our head of asset allocation discusses how we are managing trade risk, while still embracing global growth opportunities in our portfolios. Any business or tax discussion contained in this communication is not intended as a thorough, in-depth analysis of specific issues. Tariffs: Bark or Bite?

Economy 52

Economy Portfolio Clients Sales 52