Portfolio Strategies Articles

The Mathematics of Retirement Portfolios

January 2016 by Craig Israelsen
The amount saved, the allocation followed and the withdrawal rate chosen all determine how much retirement income a portfolio can safely provide. Read more »

Exploring the Optimal Equity Allocation Path for Retirees

December 2015 by David Blanchett
Whether it is better to increase or decrease equity allocations in retirement depends on both preferences and assumptions about future returns. Read more »

The Advantages of Simple Allocation Strategies

November 2015 by Wesley Gray
Complex strategies do not significantly outperform simpler ones, such as equal-weighting or a 60% stocks/40% bond mix. Read more »

How Big Is Longevity Risk?

October 2015 by Bob Collie
The uncertainty of how long a person will live poses negligible risk at younger ages and sustainable risk at older ages. Read more »

Frontier Markets Offer Growth From a Very Diverse Set of Economies

September 2015 by Charles Rotblut
These smaller countries have strong growth prospects and companies that are often oligopolies or monopolies tied to multinational corporations. Read more »

Frontier Markets Offer Growth From a Very Diverse Set of Economies

September 2015 by Laura Geritz
These smaller countries have strong growth prospects and companies that are often oligopolies or monopolies tied to multinational corporations. Read more »

Mathematical Support for Rising Equity Glide Paths

September 2015 by Luke Delorme
Increasing exposure to stocks in retirement can reduce the chances of running out of money and allow for a larger withdrawal rate. Read more »

Is Outperforming the Market Alpha or Beta?

July 2015 by Larry Swedroe
Above-benchmark returns (“alpha”) are often achieved by weighting specific factors, calling into question the cost of active management. Read more »

Is Outperforming the Market Alpha or Beta?

July 2015 by Andrew Berkin
Above-benchmark returns (“alpha”) are often achieved by weighting specific factors, calling into question the cost of active management. Read more »

Proxy Voting for Individual Investors

July 2015 by Robert Stein
Good corporate governance can improve returns and lower volatility. Guidelines on what to consider when voting your shares. Read more »

Valuation’s Usefulness for Forecasting and Setting Asset Allocation

July 2015 by Javier Estrada
Valuation ratios provide useful long-term signals, but are rather useless in the short term and lead to higher transaction costs. Read more »

Building a Balanced Portfolio: An Unconventional Allocation

June 2015 by Alex Shahidi
A four-asset-class portfolio weighted by volatility performs as well as a traditional 60/40 portfolio, but with less volatility. Read more »

The Sequence in Which Returns Occur Affects Your Wealth

May 2015 by Charles Rotblut
The timing of positive and negative returns significantly impacts wealth, particularly if withdrawals are taken or other changes are made. Read more »

How Much Diversification Is Right for You?

May 2015 by Jordan Kimmel
Be careful about holding too few and too many stocks; seven to 10 stocks can be acceptable for investors willing to accept more volatility. Read more »

The Importance of Diversification in Retirement Portfolios

April 2015 by Craig Israelsen
Diversifying a portfolio among four primary asset classes allows for large withdrawals to be taken throughout retirement. Read more »

Increasing Retirement Withdrawal Rates Through Asset Allocation

April 2015 by Michael Kitces
The optimal equity allocation depends on market valuations, though a fixed 60% stock/40% Treasury bill allocation works well overall. Read more »

Increasing Retirement Withdrawal Rates Through Asset Allocation

April 2015 by Wade Pfau
The optimal equity allocation depends on market valuations, though a fixed 60% stock/40% Treasury bill allocation works well overall. Read more »

Nine Rules for Smarter Investing

April 2015 by Guy Spier
These guidelines for creating a better investment process are based on Spier’s own experience as a professional fund manager and value investor. Read more »

Rebalancing Update: Retirement Adjustments Necessary

April 2015 by Charles Rotblut
A retiree following the rebalancing model would have needed to rebalance at the end of 2014 because of the gains in large- and mid-cap stocks. Read more »

Lessons Learned From Many Years of Investing

March 2015 by H. Bradlee Perry
Doing the math, having a good understanding of market and economic history and paying attention to valuations are key to long-term investing success. Read more »

Converting to a Roth IRA Can Minimize RMDs

March 2015 by Judith Ward
Gradually converting traditional IRA assets into a Roth IRA can both increase lifetime wealth and reduce the total amount of taxes paid. Read more »

Choosing the Right Portfolio Allocation Approach for You

October 2014 by Charles Rotblut
This overview of six common asset allocation approaches will help you determine which method will work best for your portfolio. Read more »

Don’t Over-Rely on Historical Data to Forecast Future Returns

October 2014 by Charles Rotblut
Historical risk may be a reasonably good predictor of future risk, but past returns are a rotten predictor of future returns. Read more »

Don’t Over-Rely on Historical Data to Forecast Future Returns

October 2014 by William Sharpe
Historical risk may be a reasonably good predictor of future risk, but past returns are a rotten predictor of future returns. Read more »



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