What a month. Again up over a percent and a half for the week. Minor changes today, going with a bit less gold. We’ll see if this is a good move or not. Gold is the hardest part of the portfolio to get right. On July 31st, 2020, the strategy rebalanced to: 48% SPY ,…
Month: July 2020
Factor of Safety
Surprisingly, designing a bridge or building has similarities to constructing an investment portfolio. We’re going to discuss some engineering concepts for a bit. Bear with me, because I will connect each and every one back to the investing world. Imagine you have to design a structural beam. To design this beam the engineer must understand…
Portfolio on 7.24.20
We’ll I missed posting this last week. Up about a percent and a half for last week. Moving slowly more into stocks. Gold is getting volatile, so it’s lessening in the portfolio. On July 24th, 2020, the strategy rebalanced to: 48% SPY , 40% TLT , 12% GLD
Portfolio on 7.17.20
Up about seven tenths of a percent for the week. The market is starting to look pretty normal. Volatility is a little high, but not much. Correlations are a little lower than normal, but not extreme. This is slightly defensive portfolio, but opportunistically so as the total portfolio correlation is low (which is why the…
Geometric Frontier
I fear I have gone past explaining a concept and need to take step back. Recently I used this chart which has the standard deviation on the x-axis (as opposed to the % of the asset in the portfolio). I want to explain where this chart comes from. To re-cap, the example uses two assets…
Portfolio on 7.10.20
Well that was quite a start to the second half a the year. Up 1.6 percent this week. Obviously I like weeks like this when everything gains strongly, but I feel like these universal up-moves sometimes return the favor in a negative way later on. Well see. The portfolio is becoming more and more permanent…
Portfolio on 7.2.20
Up 1.2 percent. Quite a good week, back to all time highs, about six and a third percent up for the year. Stocks and bonds are very negatively correlated right now, so the bonds allocation goes up. On July 2nd, 2020, the strategy rebalanced to: 32% SPY , 44% TLT , 24% GLD This may…
Spewing Shrapnel on a Podcast
There was a time when I devoured investing podcasts. One of my early favorites came from Meb Faber’s interview with Adam Butler, Rodrigo Gordillo, and Michael Philbrick of ReSolve Asset Management. At the time, I was looking for investment managers who held similar investing views to my own. Stock picking still seemed most common. Focusing…