Managed Futures or Trend Following Managed futures suffer from a branding problem. Just like high yield is better than junk, and private credit is better than hard money, a rebranding will revive managed futures in the next decade. However, […]
Bullet Bond ETFs Your asset allocation has risk on one side and safer assets on the other. For instance, a 60/40 portfolio has 60% Stocks and 40% Fixed Income. Different ways of structuring your safer part of the portfolio […]
Breadth, Momentum, and Asset Allocation Around Retirement Lazy, low-cost, broadly diversified ETF investors are momentum investors in disguise. Cap-weighted ETFs (such as VTI or VOO) use a momentum factor. Since they are cap-weighted, the better a stock does, the […]
Physician Early Retirement Plans Physician early retirement is not a novel idea, but perhaps one that now has a more developed framework. It is an idea whose time has come: take back the keys to your j.o.b. and work […]
Callan Chart 2024: Two Decades in Review The Callan Chart is evidence that humans are pattern-seeking animals. From Rorschach tests to stuff seen in clouds, we seek to impose structure and design where there is none. So, too, with investors […]
What are the Long-term REAL Returns? Everyone is currently worried about inflation, especially those about to retire. A poor Sequence of inflation is a retirement risk and hyperinflation (and deflation) are economy killers. But let’s not be pessimistic! The question […]
Do I need more Large Cap Value? Most people are underweight Large Cap Value in their portfolio. I dived deep into my US equity holdings but am underweighting large value. Is there a large value premium that should have me […]
‘Identity Bridging’ in Retirement Let’s face it—some people are scared to retire. It’s not a matter of what to do with the time; it is a matter of what my identity is in retirement. Who am I once I retire? […]
Fungible and Asset Location Money is Fungible. Fungible is a funky financial term. Fungible means interchangeable. Or substitutable. A dollar bill in D.C. is the same as anywhere else. Indeed, $10 is worth two five-dollar bills or ten one-dollar bills. […]