Another terrible, horrible, no good month - sound familiar? In an already bad year, September was especially bad - portfolios down between 5.7 and 11.8%. Q3 dividends meant a few portfolios didn’t require many withdrawals - a thin silver lining on an otherwise dreadfully gray cloud.
Again a few things from the cluttered desk - none deserving of a full post, so I’ll just smash them together: 1) Rectifying a mistake and revising some hot takes, 2) Big story for me: the strength of the dollar, 3) Managed Futures continue to roll along, 4) prepare, don’t predict.
Evidently, six parts wasn't enough in my series on REITs! A question remains - individual REITs appear to be better than a utilities index fund, but that begs the question: are individual utilities better than REITs? What about small-cap value? Here I put three scenarios to the test.
Older paper (2012) but valuable for two reasons: 1) is realistic about correlation, and 2) pays special attention to correlation in times of market decline, such as the one that just preceded the paper and the one we’re going through now.
We’ve got small-cap value covered with AVUV, but what should we pair it with? In this deep dive, I look at what large-cap growth fund might work best in concert with AVUV. The candidates are VOO, VUG, IVW and DFUS - with VUG and IVW achieving exalted (ha!) status of “preferred asset.”