Our Portfolios

Global Asset Allocation Update: The More Things Change…

By |2019-02-22T13:27:12-04:00February 22nd, 2019|Our Portfolios, Portfolio Updates|

I haven't written a formal asset allocation update since November so this one will be a little bit of catch-up for non-clients as we did make some minor changes in early January. On January 7th we shifted our bond allocation somewhat to reduce duration. Continuing to hold longer-dated bonds at that point essentially meant betting [...]

Global Asset Allocation Update – September 2018

By |2018-09-10T16:10:37-04:00September 10th, 2018|Our Portfolios, Portfolio Updates|

The risk budget is unchanged again this month. For the moderate risk investor, the allocation between bonds and risk assets is 50/50. Decoupling anyone? That’s what the market is whispering right now, that the recent troubles in foreign economies is contained and won’t affect the US. The most obvious example of that trend is the [...]