I used to be pretty strict in my pursuit of low-fees. How about .5%? - no, lower. .3%? no, lower. .06%? - ok, that'll do. After almost two decades with my ears pinned back, I recently took a look around to find out I can relax - the War over Fund Fees now appears over. DIY investors won.
Time for another addition to the Risk Parity Basics library for those getting started with portfolio construction. This time: strategic asset allocation. What is it? What types are there? How can it help investors?
Great analysis of Warren Buffett’s above-market returns. The authors find two reasons for his success: 1) stock selection tilted towards high-quality companies available at great prices, and 2) use of low-cost leverage. Not exactly a RP article, but helpful connections regarding leverage.
I wrote in June about my preferred way to invest in small-cap value equities: VIOV. Have learned some things since then, especially how to figure out just how small-cap and value a given ETF actually is. So, I decided to open up the search again.
August was a tale of two halves: continued upward momentum from July in the first half of the month, then pivoting mid-August and sharply declining after the 26th. By month’s end: another terrible, bad, no good month for all portfolios. Stability continues to be the cleanest dirty shirt, though.