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 [...]
Tag Archives: asset allocation
Is Buy and Hold Dead, Market Exposure
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 [...]
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About Rick Helbing, CFP®, ChFC
Rick Helbing is a Certified Financial Planner™ who provides strategic financial planning to Medical Professionals, Dental Professionals, and Family Business Owners. He has been innovating on behalf of his clients for over 25 years. Named one of the top 150 advisors in the country for physicians by Medical Economics magazine.
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