Let’s evaluate combining asset allocation mandates across secular and cyclical bull and bear markets from January 1990 through September 2010. First let me offer definitions of these various mandates. Buy and Hold or Tactical approach means a mix of equities, fixed income, and cash designed to capture broad market returns with some portfolio manager allocation [...]
Ed Easterling, the founder of Crestmont Research and author of Unexpected Returns, Understanding Secular Stock Market Cycles is the person that coined the phrase “Sailing and Rowing” to describe a secular bull and bear market. In otherwords his thought is to open the sails in a bull market yet bring in those sails and start [...]
Remember the Brinson, Hood,Beebower study? The study concluded that asset allocation is responsible for over 90% of the variance in portfolio returns, actually here is the breakdown, 91.5% asset allocation, 4.6% security selection, 1.8% market timing, and 2.1% other factors. A new white paper by Roger Ibbotson created an argument that the BH&B study may [...]
In todays world is buy and hold a viable strategy, or as I also call it relative return investment management. Why? Market downturns have certain investors trying to time the market. Dalbar, a financial services research firm published an interesting study. From 1988 to 2009 the S&P Index returned 8.2% while the average equity mutual [...]
According to Ned Davis Research and utilizing the Dow Jones Industrial Averages, since 1906 there has been four bear markets, 1906-21, 1929-42, 1966-82, and 2000 to ???, in contrast there has been three bull markets, 1921-29, 1942-66, and 1982-2000(DJIA Index). The average bear market lasts 14 years with an average cumulative return of -30.96%. The [...]
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About Rick Helbing, CFP®, ChFC
I'm a CERTIFIED FINANCIAL PLANNER™ and Owner of Suncoast Advisory Group with offices in Sarasota and Jacksonville, Florida. As a practicing advisor for over 25 years, I provide strategic financial planning to family business owners, medical professionals, and dental professionals.
Charles "Shay" H. Woodward IV, MBA
As a third generation Financial Planner for over 15 years, I provide strategic financial planning to family business owners, medical professionals, and dental professionals. I run the Jacksonville, Florida office for Suncoast Advisory Group.
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