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Portfolio rebalancing, bear markets, the X factor,
Namibia & inflation
This
week, Michael Kitces
challenges the conventional wisdom of rebalancing
portfolios at time intervals, advocating relative
rebalancing bands instead (it's a lot simpler than
that sounds). On the finology
front, Bob Veres looks at how to stop clients'
primative flight instincts overruling their rational
mind during the stress of a bear market. BlackRock's Charlie Lanchester
explains "the X factor" of Australian equity
investing. Then hot on the heels of last week's
piece from Oliver Hartwich on 'Africa rising',
Columbia University's Joseph Stiglitz will further
challenge your perspective, showcasing Namibia.
Finally, don't miss Christian Hawkesby's top
10-rated presentation from Symposium on why
inflation should be the most important macro
indicator on our radars.
All the best for a great weekend's continuing
education - Graham
P.S. Registration for
PortfolioConstruction Forum Conference 2016 (24/25
August) opens next week.
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LATEST... |
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Finding the optimal rebalancing frequency
How often should a portfolio be rebalanced? Rather
than the conventional wisdom of rebalancing at fixed
time intervals, a superior methodology is tolerance
band rebalancing.
Michael Kitces, Pinnacle Advisory Group |
0.50 CE
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Research
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How to psychologically prepare clients for bear
markets
The next bear market will come - and none of us can
predict the hour or day. Preparing clients for
bearish times may be more important than portfolio
design. But how?
Bob Veres, Inside Information |
Opinion
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The Australian equities X factor
Everybody is an Australian equities expert,
understandably so for those who live in Australia.
But the X factor in Australian equities portfolios
is concentration risk.
Charlie Lanchester, BlackRock |
Opinion
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Learning from Namibia
Since winning independence from South Africa in
1990, this country of 2.4 million people has
achieved enormous gains, especially in the last
couple of years.
Joseph E. Stiglitz & Anya Schiffrin, Columbia
University |
Opinion
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Right now inflation is the most important macro
indicator
Central bankers successfully tamed inflation in the
late 1980s and early 1990s. Persistently low
inflation is the new problem. With markets
complacent about the inflation outlook, signs of
inflation could create a scare.
Christian Hawkesby, Harbour Asset Management |
Resources
* Rated
in the top 10 presentations by Symposium 2016
delegates
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Member comments
Long-term investment returns
Hi Dom -
Thanks for a thought provoking article. We live in
interesting times and it is rewarding to work with
investors during such times. I believe that
(extremely) low returns on safe assets is fine...
Mark Hayden, Hayden Financial Services |
Comment
Geo-politics - Growth of Democracy
This is an optimistic assessment of the world:
people use the Internet to become better informed
and so there is a spread of democracy. Maybe.
Dr Keith Suter, Global Directions |
Comment
Geo-politics -
Universal Basic Income (UBI)
The UBI debate is gaining traction. I have been a
supporter of it for many years. But it is a hard
sell...
Dr Keith Suter, Global Directions |
Comment
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RECENTLY... |
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Challenges in building portfolios today (and what to
do)
The current investment environment is arguably one
of the toughest ever in which to build portfolios
that deliver return and are robust into the future.
There are a range of approaches that can be taken
Dominic McCormick, Select Investment Partners |
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Opinion
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Populists and productivity
The view prevailing in Silicon Valley and other
global technology hubs is that we are entering a new
golden era of innovation which will radically
increase productivity growth. Why haven't those
gains appeared?
Nouriel Roubini, Roubini Global Economics |
Opinion
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Why take an interest in Africa's rise?
Africa rising' has been a catchphrase since the
beginning of this century. It is the idea that
Africa, and especially Sub-Saharan Africa, could be
to the 21st century what South-East Asia was to the
second half of the 20th century.
Dr Oliver Hartwich, The New Zealand Initiative |
Opinion
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Setting a retirement spending policy
Setting an appropriate spending level is one of the
most crucial tasks for retirees. Spend too much and
risk utter penury down the track. Be too
conservative and the client spends their remaining
years in unnecessary hardship.
Tim Farrelly, farrelly's |
0.50 CE
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Opinion
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Today's risk profiling puts us all at risk
Risk profiling is entirely broken. The key to
understanding clients is in analysing their actions,
not their words, or answers to a risk questionnaire.
Bernard Del Rey, Capital Preferences |
Resources
* Rated
in the top 5 presentations by Symposium 2016
delegates
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Member comments
Pay attention to geo-politics when making investment
decisions
Given the reluctance of traditional media
organisations to cover geopolitics in any depth,
where can investors find reliable sources of
information on world events?
Graham Rich, PortfolioConstruction Forum |
Comment
Geo-politics - Information
There is no one basic source of such information.
World events are as complicated as any other aspect
of life.
Dr Keith Suter, Global Directions |
Comment
Investment lessons from Japan
As I read your article, Tim, I found myself
wondering about the comparative relativities between
the Japanese experience and ours...
Russell Wadey, Insight Family Wealth Consultants |
Comment
Investment lessons from Japan
Yes, yes and yes! One of the great difficulties with
economics is that we rarely get conclusive data
- every situation is different, so it is very rare
that we can say with absolute certainty that x
causes y...
Tim Farrelly, farrelly's |
Comment
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