Here is the SIG presentation.
Continuing the theme of income-oriented investments, plus some comments on current market conditions and possiblity of a bubble.
Posts Tagged ‘Asset allocation’
Getting Started SIG 14 November
Saturday, November 14th, 2009Getting Started SIG 10 October
Saturday, October 10th, 2009Here is the SIG presentation.
A look at specific funds for implementing a conservative, diversified bond strategy
The Ivy Portfolio (Getting Started SIG 13 June)
Saturday, June 13th, 2009
We review the “Ivy Portfolio” by Mebane Faber, and discuss a comprehensive strategy for “hedge-fund-like returns” (minus the blow-ups) through a diversified and risk-managed portfolio of ETFs.
Buy and Hope – Can we do better? part 2
Saturday, May 9th, 2009We will continue looking at simple (and not-so-simple) timing strategies.
The prudent investor is conventionally advised to hold a diversified portfolio of stocks and bonds, periodically rebalancing to fixed asset allocations, and not to attempt to time the market. We are told to invest in “Stocks for the Long Run”, notwithstanding “In the long run, we are all dead.” The current financial crisis invites us to re-examine this conventional wisdom and look for alternative strategies that might be more effective in volatile bearish or sideways markets over the next several years. We look at research that suggests a simple timing strategy may improve returns and reduce risk.
Buy and Hope – Can we do better?
Thursday, April 16th, 2009On Saturday, 18 April the Getting Started SIG will present:
Buy and Hope – Can we do better?
The prudent investor is conventionally advised to hold a diversified portfolio of stocks and bonds, periodically rebalancing to fixed asset allocations, and not to attempt to time the market. We are told to invest in "Stocks for the Long Run", notwithstanding "In the long run, we are all dead." The current financial crisis invites us to re-examine this conventional wisdom and look for alternative strategies that might be more effective in volatile bearish or sideways markets over the next several years. We look at research that suggests a simple timing strategy may improve returns and reduce risk.
View or download PowerPoint slides
Here is the link to the Mebane Faber paper referenced in the presentation
Run your own hedge fund for fun and profit
Saturday, January 10th, 2009The original idea of hedge funds was to provide modest but steady returns over all market conditions. (That was before they became the high-risk bad boys of Wall Street.) But even the best hedge funds charge high fees, require large commitments, and operate with limited transparency. As an alternative we present a surprisingly simple, easy, and effective strategy you can implement yourself with ETFs.
View online as a PowerPoint slideshow
Getting Started SIG, August 9: “Bonds, James, Bonds”
Monday, August 4th, 2008“Bonds, James, Bonds”
Have you had all the fun you can stand in the stock market? In contrast to stocks, bonds are boring — so boring that you just might be able to sleep at night. We take a basic look at: types of bonds; factors in bond pricing and return; risks; ways to invest; and the role of bonds in a diversified portfolio.
Powerpoint slide show: click Bonds, James, Bonds
AAII meeting 12 February
Monday, January 21st, 2008The AAII Houston Chapter presents…
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A Systematic, Repeatable & Proven Approach to Investing
Daniel Ennis Vice President and Investment Director-U.S. Blend Strategies, AllianceBernstein Investments, Inc., New York, NY Dan will speak about the reasons that lead to investor underperformance and a rules-based approach to buying low and selling high that can help investors improve outcomes and take the emotion out of investing. The first step in building an investment portfolio is to choose from a bewildering array of financial assets that are now available. Do you stick with stocks for long-term growth or bonds for their stability and income? Do you move into money market funds for liquidity or the U.S. markets due to familiarity?
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| Marriott Westchase Hotel (formerly Adams Mark Hotel) 2900 Briar Park Drive Houston, TX (713) 978-7400 [ Map This Location ] |
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Sitting on your Assets
Thursday, January 3rd, 2008The Getting Started SIG topic for 9.30am 12 January will be:
“Sitting on your Assets – Constructing and maintaining a diversified risk-managed portfolio”
Abstract: If you are not Warren Buffett, then strategic diversification across a range of asset classes is the best way to balance risk and return. We look at the “Yale Model”, the equity-biased asset allocation strategy developed by David Swensen, the highly successful manager of the Yale University endowment.
Presentation for viewing or download
- Flash Video version with audio narration, 15 minutes. (Takes a few seconds before video starts). If you have trouble reading the smaller text, you may view the full resolution version below in Internet Explorer.
- PowerPoint version without audio. (May be viewed online in Internet Explorer or downloaded)
The talk follows ideas in the excellent asset-allocation book Unconventional Success: A Fundamental Approach to Personal Investment
Book: The Four Pillars of Investing
Tuesday, December 11th, 2007If you are new to investing, Read this First!
“The Four Pillars of Investing: Lessons for Building a Winning Portfolio” by William J. Bernstein
- Gives a sound foundation for beginning your study of investing.
- Really all you need if you are not planning to make investing a hobby. Gives you all you need to construct a sound investing program and manage it over the long term.
- Practical investing advice based on fascinating history lessons from the market
- Exercises to determine risk tolerance as an investor
- An easy-to-understand explanation of risk and reward in the capital markets