Portfolio Strategies Articles

Asset Returns During High and Low Inflationary Periods

December 2016 by Craig Israelsen
Large-cap stocks have performed well when inflation has been low, while commodities, real estate and small-cap stocks have led when inflation was high. Read more »

Competition Has Made Indexing a Winner’s Game

November 2016 by Charles Ellis
Better analysis, more trading and more professional investors have made it even easier to lose at active investing, and win by indexing. Read more »

Conversations on Picking Good Stocks and Funds

November 2016 by Harold Evensky
Commonsense guidelines for buying the best investment, and determining the difference between a good story and a good investment. Read more »

Active Management Stinks, But It Doesn’t Have To

October 2016 by Daniel Crosby
Active approaches can be improved by incorporating some characteristics of passive investing, including low turnover and low fees. Read more »

Investing to Avoid the Consequences of Being Wrong

September 2016 by William Bernstein
Retirees should only risk the savings they don’t need; young investors should allocate as much to stocks as their risk tolerance allows. Read more »

A Manager’s Insights on Risk and Investing

July 2016 by Charles Rotblut
Right-sizing risk, right-timing risk, relying on knowledge and experience and applying appropriate skepticism can lead to better decisions. Read more »

A Manager’s Insights on Risk and Investing

July 2016 by Karen Firestone
Right-sizing risk, right-timing risk, relying on knowledge and experience and applying appropriate skepticism can lead to better decisions. Read more »

Why a New Allocation Approach Is Needed

June 2016 by Charles Rotblut
The traditional way of allocating portfolios costs investors significant wealth and fails to consider how risk actually occurs in the real world. Read more »

Why a New Allocation Approach Is Needed

June 2016 by James Cloonan
The traditional way of allocating portfolios costs investors significant wealth and fails to consider how risk actually occurs in the real world. Read more »

Cash Flow and Allocation Strategies for Retirees

June 2016 by Charles Rotblut
A reverse mortgage can boost withdrawal rates if used correctly; plus, why index funds can simplify decisions regarding taking withdrawals. Read more »

Cash Flow and Allocation Strategies for Retirees

June 2016 by Jane Bryant Quinn
A reverse mortgage can boost withdrawal rates if used correctly; plus, why index funds can simplify decisions regarding taking withdrawals. Read more »

Retirement Portfolio Survival: A 90-Year Study

May 2016 by Craig Israelsen
While a conservative allocation lasts 35 years at a 3% withdrawal rate, higher withdrawal rates require greater exposure to stocks. Read more »

Insights on How to Manage a Concentrated Portfolio

May 2016 by Michael van Biema
Investing in a small number of stocks requires a focus on margin of safety and valuations as well as the ability to invest for the long term. Read more »

Insights on How to Manage a Concentrated Portfolio

May 2016 by Allen Benello
Investing in a small number of stocks requires a focus on margin of safety and valuations as well as the ability to invest for the long term. Read more »

Using Cash and Short-Term Bonds to Avoid Taking Losses in Retirement

May 2016 by Charles Rotblut
Combining a stock and bond allocation with cash and short-term bond funds can help a retiree better endure down markets. Read more »

Using Cash and Short-Term Bonds to Avoid Taking Losses in Retirement

May 2016 by Jane Bryant Quinn
Combining a stock and bond allocation with cash and short-term bond funds can help a retiree better endure down markets. Read more »

Retirement Readiness Is Being Assessed in the Wrong Manner

April 2016 by Charles Rotblut
No consensus exists on an acceptable risk of outliving savings, and current models don’t reveal the magnitude of the shortfall retirees face. Read more »

Retirement Readiness Is Being Assessed in the Wrong Manner

April 2016 by Moshe Milevsky
No consensus exists on an acceptable risk of outliving savings, and current models don’t reveal the magnitude of the shortfall retirees face. Read more »

Six Questions With John Bogle

March 2016 by Charles Rotblut
The founder of Vanguard explains how investors can maximize long-term wealth and gives advice for how to get grandchildren interested in investing. Read more »

Six Questions With John Bogle

March 2016 by John Bogle
The founder of Vanguard explains how investors can maximize long-term wealth and gives advice for how to get grandchildren interested in investing. Read more »

Rebalancing Update: A Tiny Raise for Retirees

March 2016 by Charles Rotblut
Even with last year’s volatility, no rebalancing was required. Low inflation caused the withdrawal amounts to increase only slightly. Read more »

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 »



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