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Conventional wisdom and the vast majority of investment books have led investors into making perhaps the biggest mistake in investing today. The asset allocation of the majority of portfolios is highly imbalanced and dangerously positioned for the current investment climate. The core concepts that Shahidi will describe were pioneered over 20 years ago by Bridgewater Associates, the largest and most successful hedge fund in history. Through my deep partnership with Bridgewater, Shahidi developed an appreciation of these concepts which have enabled me to successfully navigate turbulent markets for the $13 billion in client assets he manages. Rather than overweighting equities in an effort to realize attractive results, investors will understand that similar returns can be earned with a fraction of the allocation to stocks. Most importantly, the return stream of a well-balanced portfolio, termed “e-Balanced” in the book (for a portfolio that is balanced by economic environment), is likely to offer greater stability, consistency and downside protection than the traditional asset allocation. Similar returns with far less risk can be achieved with greater simplicity and reliability.
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Balanced Asset Allocation How to Profit in Any Economic Climate
by Shahidi, Alex; Lee, BillEdition: 1st
Format: Hardcover
Pub. Date: 2014-12-31
Publisher(s): Wiley
List Price: $65.00
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Summary
Author Biography
ALEX SHAHIDI is a leading investment consultant managing multi-billion dollar portfolios. He focuses on advising large pension funds, foundations, endowments, and ultra-high-net-worth families, and is responsible for managing over $13 billion in assets. Alex is a Chartered Financial Analyst Charterholder, Certified Investment Management Analyst, and a Certified Financial Planner. Since 2008, he has consistently been recognized as one of the top financial advisors in the country by national publications such as Barron's, Worth, and On Wall Street. His comments about asset allocation have been referenced in the Wall Street Journal, MarketWatch, Money News, and Advisor Perspectives.
Table of Contents
Foreword Bill Lee ix
Acknowledgments xi
About the Author xiii
Introduction 1
Chapter 1 The Economic Machine: Why Being Balanced is So Important Today 5
Chapter 2 Your Portfolio is Not Well Balanced 19
Chapter 3 The Fundamental Drivers of Asset Class Returns 29
Chapter 4 Viewing Stocks through a Balanced Portfolio Lens 49
Chapter 5 The High Value of Low-Yielding Treasuries within the Balanced Portfolio Framework 69
Chapter 6 Why TIPS are Critical to Maintaining Balance (Despite Their Low Yield) 89
Chapter 7 Owning Commodities in a Balanced Portfolio 101
Chapter 8 Even More Balance: Introduction to Other Asset Classes 115
Chapter 9 How to Build a Balanced Portfolio: Conceptual Framework 127
Chapter 10 How to Build a Balanced Portfolio: The Step-by-Step Process 143
Chapter 11 The Balanced Portfolio: Historical Returns 155
Chapter 12 Implementation Strategies: Putting Theory into Practice 181
Chapter 13 Conclusion 195
About the Website 197
Index 199
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