We developed
The Select Approach™ as a method of
providing direction,
relationships and
utilizing our creativity.

Portfolio Construction

With the crescendo of all US Treasury yields to trading
below 1% in early March marking the high-water mark for bond prices, the need
to revisit how portfolios are constructed has emerged. Is the traditional 60%
stocks/40% bond model dead?

This may indeed be a worthwhile question to explore but it
is the underlying assumption or the underlying narrative of a stock/bond mix
that warrants examination. For decades scholars of portfolio management theory
ran studies after studies showing how a mix of assets, even as simple as stocks
and bonds, can lower the risk and improve returns of non-diversified portfolios.

With the advent of computers in investing and something … Read More