- Active funds and active management
- Active risk
- All Weather approach See also Risk parity
- Alternative investments
- Asset allocation
- about
- balanced portfolio. See Balanced portfolio
- and economic outcomes
- neutral
- 60/40 conventional mix of stocks and bonds. See 60/40 conventional portfolio
- Asset classes
- analyzing, method for
- bonds. See Bonds
- cash. See Cash
- commodities. See Commodities
- customizing
- cyclical nature of
- economic bias See also specific asset classes
- economic growth, impact of See also Economic growth
- and economic machine, need for understanding
- excess returns above cash. See Excess returns above cash
- inflation, impact of See also Inflation
- private equity
- real estate. See Real estate
- return of cash
- returns versus exposure to varying economic climates
- stocks. See Stocks
- total returns
- Treasuries. See Treasuries
- Treasury Inflation-Protected Securities (TIPS). See Treasury Inflation-Protected Securities (TIPS)
- volatility See also Volatility
-
- Balance See also Balanced portfolio
- conventional portfolios (60/40 stocks/bonds)
- good balance
- imbalance
- importance of
- new perspective on See also Balanced portfolio lens (balanced portfolio perspective)
- stable returns
- true portfolio balance
- and volatility See also Volatility
- Balanced portfolio
- active managers, use of
- active risk
- asset classes, selecting
- asset classes, weighting
- cause-effect relationships. See Cause-effect relationships
- commodities, role of
- conceptual framework
- confidence in investing strategy
- economic portfolios
- as efficient starting point
- excess returns above cash
- future cash rate, shifts in
- gradual shift to
- historical returns
- implementing
- index funds, use of
- and interest rates
- long-term returns
- neutral asset allocation
- outperforming
- process for balancing
- purpose of
- rebalancing advantage
- returns compared to 60/40 portfolio
- risk appetite, shifts in
- rolling returns
- and shifts in economic environment See Economic environment, shifts in
- stable growth
- stocks, role of
- total return, factors impacting See also Economic bias; Volatility
- Treasuries, role of
- Treasury Inflation-Protected Securities (TIPS), role of
- true portfolio balance
- underperformance periods
- volatility See also Volatility
- Balanced portfolio lens (balanced portfolio perspective)
- commodities
- 60/40 portfolio analysis
- stocks
- Treasuries
- Treasury Inflation-Protected Securities (TIPS)
- use of
- Bear markets
- Bonds
- corporate
- credit ratings
- economic bias
- emerging markets
- excess returns above cash
- foreign sovereign bonds
- global
- municipal
- Treasuries See Treasuries
- volatility
- Bridgewater Associates
- Bull markets
- Business cycles
- Buy and hold approach to investing
-
- Cash
- excess returns. See Excess returns above cash
- excluded in balanced portfolio
- future cash returns. See Future cash rates, shifts in expectations of
- return of
- Cause-effect relationships
- between economic shifts and asset class returns See also Economic environment, shifts in
- between unexpected shifts in growth and inflation
- Central banks See also Federal Reserve (the Fed)
- Commercial real estate. See Real estate
- Commodities
- about
- balanced portfolio perspective
- conventional thinking, flaws in
- conventional view
- economic bias
- and economic growth
- excess returns above cash
- futures contracts
- futures price
- index funds
- and inflation
- and interest rates
- investing in
- percentage of in balanced portfolio
- return-to-risk ratio
- and rising economic growth
- risk
- risk premium
- role of in balanced portfolio
- and shifts in economic environment
- spot price
- types of
- volatility
- Conventional thinking on asset allocation
- commodities
- stocks
- Treasuries
- Treasury Inflation-Protected Securities (TIPS)
- Conventional thinking on asset allocation, flaws in
- commodities
- 60/40 asset allocation
- stocks
- Treasuries
- Treasury Inflation-Protected Securities (TIPS)
- Core bond index
- Corporate bonds
- Correlation of conventional portfolio performance to stock market
- Credit
- deleveraging process
- long-term debt cycle
- and short-term business cycle
- as source of spending
- Credit crisis of
- Credit ratings
- Credit risk
-
- Dalio, Ray
- Debt
- deleveraging process
- long-term debt cycle
- United States
- Deflation
- Deleveraging process
- Depressions
- Diversification
-
- Economic bias. See also Economic growth; Inflation
- and balanced portfolio
- bonds
- commodities
- and conventional thinking
- corporate bonds
- emerging markets
- global bonds
- global stocks
- hedge funds
- municipal bonds
- private equity
- real estate
- stocks
- Treasuries
- Treasury Inflation-Protected Securities (TIPS)
- Economic environment, shifts in. See also Economic growth; Inflation
- about
- asset classes, impact on See also specific asset classes
- cash, impact on
- and cause-effect relationship with asset class returns
- and commodities
- and corporate bonds
- and diversifiable risk
- and excess returns above cash
- growth, unexpected changes in. See Economic growth
- inflation, unexpected changes in. See Inflation
- and interest rates See also Interest rates
- neutralizing See also Neutral asset allocation (strategic asset allocation)
- and return of cash
- returns, reasons for impact on
- and 60/40 conventional portfolio
- and stocks
- and Treasuries
- and Treasury Inflation-Protected Securities (TIPS)
- unexpected
- and volatility of returns
- and weighting asset classes in balanced portfolio
- Economic growth
- and asset allocation See also Balanced portfolio
- and commodities
- and corporate bonds
- diversifiable risk
- and economic bias
- and emerging market bonds
- and global bonds
- and global stocks
- and hedge funds
- and private equity
- and real estate investment
- and 60/40 asset allocation
- and stocks
- and Treasuries
- and Treasury Inflation-Protected Securities (TIPS)
- Economic machine
- about
- and balance, importance of
- Bridgewater Associates research on
- deleveraging process
- economic outcomes and asset allocation
- economy as machine
- long-term debt cycle
- money, effect of printing
- short-term business cycles
- template for
- Emerging market bonds
- Emerging markets
- Equities. See Stocks
- Excess returns above cash
- and asset class returns See also specific asset classes
- balanced portfolio
- bonds
- commodities
- and economic environment See also Economic environment, shifts in, shifts in
- factors impacting
- and future cash rates, shifts in expectations of See also Future cash rates, shifts in expectations of
- and risk appetite, shifts in See also Risk appetite, shifts in
- risk premium
- stocks
- Treasuries
- Treasury Inflation-Protected Securities (TIPS)
- and volatility
- Extreme outcomes
-
- Fear and greed
- Federal Reserve (the Fed)
- and inflation
- and interest rates
- money, printing
- role of
- Treasuries, purchase of
- Financial assets
- Foreign sovereign bonds
- Future cash rates, shifts in expectations of
- Futures contracts
- Futures price
-
- Global bonds
- Global stocks
- Great Depression
- Gross domestic product (GDP)
-
- Hedge funds
- Hyperinflation
-
- Index funds
- Inflation
- and asset allocation See also Balanced portfolio
- and commodities
- and corporate bonds
- diversifiable risk
- and economic bias
- and emerging market bonds
- and global bonds
- and global stocks
- and hedge funds
- hyperinflation
- and interest rates
- and printing money
- and private equity
- and real estate investment
- risk
- and 60/40 asset allocation
- and stocks
- and Treasuries
- and Treasury Inflation-Protected Securities (TIPS)
- Interest rates
- and balanced portfolio performance
- bonds
- cash
- and commodities
- Federal Reserve setting of
- future cash rates, shifts in expectations of See also Future cash rates, shifts in expectations of
- and inflation
- and stocks
- and Treasuries
- and Treasury Inflation-Protected Securities (TIPS)
- Intermediate-term bonds (core bonds)
- Investors
- common mistakes made by
- confidence
- fear and greed
- portfolio objective
-
- Leverage and deleveraging process
- Long-term debt cycle
- Long-term Treasuries See also Treasuries
-
- Market predictions
- Market prices
- Market timing
- Money, printing
- Municipal bonds
-
- Neutral asset allocation (strategic asset allocation)
-
- Private equity
-
- Real assets See also Commodities; Real estate
- Real estate
- Recessions
- Recovery time
- Return-to-risk ratio
- Returns
- cash
- excess returns above cash. See Excess returns above cash
- and future cash rates, unexpected changes in. See Future cash rates, shifts in expectations of
- per unit of risk
- and risk appetite. See Risk appetite, shifts in
- total returns
- volatility. See Volatility
- Risk See also Volatility
- active risk
- appetite. See Risk appetite, shifts in
- balance
- commodities
- corporate bonds
- currency risk
- diversifiable See also Economic environment, shifts in
- emerging market bonds
- future cash rates. See Future cash rates, shifts in expectations of
- inflation
- and investment strategies
- nondiversifiable
- and return
- return-to-risk ratio
- shifts in economic environment. See Economic environment, shifts in
- stocks
- Treasuries
- Treasury Inflation-Protected Securities (TIPS)
- of underperformance
- Risk appetite, shifts in
- Risk parity
- Risk premium See also Excess returns above cash
-
- Short-term Treasuries See also} Treasuries
- 60/40 conventional portfolio
- analysis of through balanced portfolio lens
- asset allocation
- correlation to stock market performance
- and economic bias
- and economic environment, shifts in
- and economic growth
- excess returns above cash
- flaws in thinking about
- imbalance
- and inflation
- and interest rates
- returns, historical
- returns compared to balanced portfolio
- stocks
- Treasuries
- Spending
- Spot price
- Stagflation
- Stock market
- attention paid to
- bear markets
- bull markets
- correlation of conventional portfolio performance to stock market
- cycles
- Stocks
- balanced portfolio perspective
- cause-effect relationship between unexpected shifts in growth and inflation
- conventional thinking, flaws in
- conventional view on portfolio allocation
- correlation of conventional portfolio performance to stock market
- and deflation
- economic bias
- and economic growth
- excess returns above cash
- global
- inclusion of in most portfolios
- index funds. See Index funds
- and inflation
- and interest rates
- and investor emotions
- percentage of in balanced portfolio
- private equity
- return-to-risk ratio
- risk
- role of in balanced portfolio
- and shifts in economic environment See also} Economic environment, shifts in
- and shifts in risk appetite
- in 60/40 portfolio. See 60/40 conventional portfolio
- stock market cycles
- subsets
- underperformance
- volatility
-
- Tax consequences
- active management
- index funds
- municipal bonds
- TIPS. See Treasury Inflation-Protected Securities (TIPS)
- Total returns
- Treasuries
- balanced portfolio perspective
- conventional perspective on
- conventional thinking, flaws in
- credit risk
- and deflation
- diversification benefits of
- duration
- economic bias
- and economic growth
- excess returns above cash
- Federal Reserve purchase of
- and inflation
- interest rates
- intermediate-term (core bonds)
- long-term
- maturity, holding to
- percentage of in balanced portfolio
- restructuring
- returns
- risk
- role of in balanced portfolio
- and shifts in economic environment See also} Economic environment, shifts in
- and shifts in risk appetite
- short-term
- in 60/40 portfolio. See 60/40 conventional portfolio
- TIPS compared
- volatility
- yields
- Treasury Inflation-Protected Securities (TIPS)
- balanced portfolio perspective
- conventional thinking on
- and decreasing economic growth
- and deflation
- described
- economic bias
- and economic growth
- excess returns above cash
- and inflation
- maturity, holding to
- percentage of in balanced portfolio
- risk
- role of in balanced portfolio
- and shifts in economic environment
- Treasuries compared
- use of
- volatility
-
- Underperformance
- balanced portfolio
- risk of
- stocks
- United States debt ratios
-
- Volatility
- asset classes
- and balance
- balanced portfolio
- bonds
- commodities
- corporate bonds
- emerging market bonds
- and excess returns above cash See also} Excess returns above cash
- global bonds
- global stocks
- hedge funds
- municipal bonds
- private equity
- real estate
- reasons for See also Economic environment, shifts in; Future cash rates, shifts in expectations of; Risk appetite, shifts in
- stocks
- Treasuries
- Treasury Inflation-Protected Securities (TIPS)
- weighted
-
- Zero sum game
- active management
- active risk
- commodity futures
- trading securities as
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