Tag Archives: volatility

Is Buy and Hold Dead, Market Exposure

by on 10:00 am in Investment Management, Philosophy

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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Is Buy and Hold Dead, Nah it’s just Volatility Stupid!!!

by on 9:47 pm in Investment Management, Philosophy

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 [...]

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