Get Asset Rotation: The Demise of Modern Portfolio Theory and PDF

By Matthew P. Erickson

ISBN-10: 1118779193

ISBN-13: 9781118779194

An all-weather, tactical method of asset administration using trade Traded cash (ETFs) In Asset Rotation, portfolio administration pioneer Matthew P. Erickson demonstrates a time-tested method of asset administration that has labored in the course of the heritage of capital markets, in stable instances and undesirable. delivering traders with powerful participation in emerging markets, yet extra importantly with a self-discipline to lessen participation in lengthy declines. over the years this progressive technique has yielded greater returns, with considerably decreased degrees of probability; supplying the engine for actual, long term sustainable progress. The funding global as we all know it has replaced, and the paradigm has shifted. What has labored some time past may perhaps not paintings sooner or later. now not may well bonds be considered as a secure haven asset type, as for the 1st time in generations, traders in mounted source of revenue face losses as rates of interest upward push from historic all-time lows. For these adhering to a traditional sleek Portfolio conception dependent funding method of asset administration, what used to be considered as secure and reliable, may actually quickly turn into our best obstacle. Asset Rotation offers traders with a realistic answer for state-of-the-art actual global difficulties. This tactical method of asset administration offers us with concrete facts that there's certainly a greater means. we're status at the precipice of an funding Renaissance . What used to be formerly very unlikely, is now attainable. learn the way. offers an easy-to-understand rate momentum-based method of making an investment Illustrates the advantages of asset rotation deals a scientific method for securing a legitimate monetary destiny offers additional insights as to how one can customise your personal asset rotation portfolio Matthew Erickson supplies traders a hands-on source for the way to navigate an more and more tough funding panorama, by way of offering them with prepared insights into the main quickly turning out to be section of the funding markets.

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Additional info for Asset Rotation: The Demise of Modern Portfolio Theory and the Birth of an Investment Renaissance

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In other words, real return is simply calculated by taking the return achieved and subtracting out inflation. Ideally, an investor is left with a positive number. This is what is meant when one When the Paradigm Shifts 31 hears about “preserving the purchasing power of your capital” through investing. The problem is, today, not only should investors be concerned about getting a negative real return (since the yields on high-quality bonds are so low it would not take much inflation for an investor to end up with a negative rate of return for the life of the bond), they should also be concerned with losing value in the bond when interest rates rise.

Their convictions. And then it happened—the Great Recession of 2008. 5). From this point on, the Legg Mason Value Trust never recovered, and neither did Bill Miller. In April 2012, Mr. Miller stepped down as the portfolio manager of the Legg Mason Value Trust. 6, from 2006 until Mr. Miller’s departure in April 2012, a $100,000 investment would have been reduced to little more than $71,000, while at the same time a $100,000 investment in the S&P 500 would have grown to nearly $128,000—a disparity of more than $56,000.

5 percent per year. In other words, real return is simply calculated by taking the return achieved and subtracting out inflation. Ideally, an investor is left with a positive number. This is what is meant when one When the Paradigm Shifts 31 hears about “preserving the purchasing power of your capital” through investing. The problem is, today, not only should investors be concerned about getting a negative real return (since the yields on high-quality bonds are so low it would not take much inflation for an investor to end up with a negative rate of return for the life of the bond), they should also be concerned with losing value in the bond when interest rates rise.

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Asset Rotation: The Demise of Modern Portfolio Theory and the Birth of an Investment Renaissance by Matthew P. Erickson


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