What is a Lazy Portfolio? A lazy portfolio is a combination of assets (asset allocation) that is easy to maintain. It is the sort of investment you can automatically throw money into, rebalance once every quarter or year, and not have to think about daily. Minimal effort is the rule Read more…
“The benefits of diversification have been known for over half a century. In the early 1950s, Harry Markowitz demonstrated that there exists an “optimal” portfolio which has the highest investment return for a given level of risk. For his work, which created the field of modern portfolio theory (“MPT”), Markowitz Read more…
On the 18th of October, WisdomTree (finally!!) listed a UCITS version of their ETF NTSX in Europe. If you are wondering what’s NTSX, you must be new around here. “The ETF is designed to deliver a 90% exposure to large-cap US equities and 60% to US Treasury futures, effectively providing a leveraged, Read more…
In April 2022, I introduced on this blog The Italian Leather Sofa Model Portfolio. As a reminder, here is the portfolio composition: The idea behind the portfolio is stolen from here. The link offers the best explanation to what I think is the most common question related to it, i.e. Read more…
I am not sure who my audience is anymore, so I will try to keep this post as generic as possible. If you recognise where the example comes from, kudos to you 🙂 There is an investor with an 80% stocks, 20% bonds portfolio; the stock portion is heavily tilted Read more…
It is almost the two-year anniversary of this post I wrote about the role of gold in a portfolio. A few days ago, someone re-posted on Twitter the research piece that prompted me to write my post (well, half of it) and I enjoyed it like it was the first Read more…
Taxes are a thorny topic to cover, even for a finance blog. A 1% saving on taxes equals 1% more in (net) returns, and we all know how hard is to increase returns even by just 1%. But taxes serve a social purpose: they are used to run schools and Read more…
In April 2022, I introduced on this blog The Italian Leather Sofa Model Portfolio. As a reminder, here is the portfolio composition: The idea behind the portfolio is stolen from here. The link offers the best explanation to what I think is the most common question related to it, i.e. Read more…
I recently watched a video made by an Italian content creator on Safe Withdrawal Rates and Sequence of Return Risk (even if I do not think he formally mentioned the two definitions ever). The video is done well and, as a bonus, the author shares his Python code so that Read more…
A year ago I introduced The Italian Leather Sofa model portfolio. The main goal was to put my money where my mouth is…even if, back in the day, it was only virtual money. In fact, the model portfolio is built using US-listed ETFs, and EU financial regulation prevented me from Read more…