“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…
I know, I do not write that much lately AND my last post was on the same topic. I promise you, I am not obsessing over this matter (even if some days I have to provide almost hourly updates on where UK rates are…); in fact, I was mid-way writing 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…
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…
It has been a month or two since I got back the “build and test trading strategies” bug. A bug that my very first, real gig gave me. Thinking about that job now, it was pretty absurd. It was a six months internship for what at the time was a Read more…
The typical dose of daily financial news is something like “Stock XYZ did this today”; if we are lucky, is something more general like “Stocks went up/down” or, more likely these days, “Bonds did this and that”. For the average investor, there is little value in that information. Their holdings Read more…