In April last year, I introduced 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. why the Read more…
“I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want to come back as the bond market. You can intimidate everybody.” James Carville Tell me you watched The Crown without telling me Read more…
In April this year, I introduced The Italian Leather Sofa model portfolio. As a reminder, here is the portfolio composition: 60% stocks (via NTSX) 40% bonds (via NTSX) 20% trend (via DBMF) 10% commodities trend (via COM) 4% Tail risk (via TAIL) -34% cash The idea behind the portfolio is Read more…
It has been quite a week (and counting) in the UK. On the 23rd of September, the new UK government delivered their first recipe to revive the UK economy and it was received worse than a foreigner asking for a capuccino-and-steak for dinner in an Italian restaurant. TILS opinion on Read more…
It has been a while since I wanted to write about the “low vol” factor. The reason is pretty simple, look how it performed in the last year (white line is the biggest LowVol ETF listed in the US, the blue line is SPY): I invest in LOWV, the UCITS Read more…
In April this year, I introduced The Italian Leather Sofa model portfolio. As a reminder, here is the portfolio composition: 60% stocks (via NTSX) 40% bonds (via NTSX) 20% trend (via DBMF) 10% commodities trend (via COM) 4% Tail risk (via TAIL) -34% cash The idea behind the portfolio is Read more…
Growing up, I did not care much about Guns n’ Roses and yet it was impossible to avoid this t-shirt: Kill Your Idols is a saying of advice to artists of all sorts to eliminate the behaviors or styles of their “idols” or what they took influence/inspiration from (Urban Dictionary). Read more…
If you landed on this blog, you probably know what target-date funds are and why they are one of the preferred instruments to save for retirement. They are designed to be a simple, one-stop solution for savers. The concept is straightforward: pick the fund that matches your desired retirement date, Read more…
Two weeks ago I wrote a post about the All Weather Portfolio. Since the beginning of 2022, there has been an extensive discussion about “static stock&bond allocations” because both assets suffered significant losses. We were promised uncorrelated returns and yet, not only did they move in the same direction, they Read more…
I have been fascinated by Risk Parity since the day I read about it. Combining uncorrelated assets, where each contributes in the same way to the portfolio’s overall volatility, is the best way to approach the capital allocator problem, at least to me. Nice theory bruv, how do you implement Read more…