Sunday, May 28, 2023 6:42 PM EDT
The wave trend suggests that VTI will outperform.
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The ETFs are proxies for equities and fixed -income.
The authors look at the US high yield credits (US HY) and US equities to find out how starting valuations have historically predicted future returns, where current valuations are, and what they could imply for future returns.
The Elliott Wave Oscillator (EWO) is the difference between a five-period and a thirty-five-period simple moving average.
The Golden Cross utilizes the 200-day moving average.
The Wave-Trend combines the two.and finds change in a combined trend.
The Elliott Wave Oscillator (EWO) is the difference between a five-period and a thirty-five-period simple moving average.
The Golden Cross utilizes the 200-day moving average.
The Wave-Trend combines the two.and finds change in a combined trend.
Jeremy Grantham, the renowned investor and co-founder of Grantham, Mayo, & van Otterloo (GMO), has recommended a number of books over the years. These book recommendations can be found in various interviews, speeches, and writings by Grantham:
The Elliott Wave Oscillator (EWO) is the difference between a five-period and a thirty-five-period simple moving average.
The Golden Cross is a longer-term trend measure that utilizes the 200-day moving average.
The Wave-Trend combines the two.
During the recent Berkshire Hathaway Annual Meeting, Charles Munger explained why some investors can’t tell their best ideas from their worst. Here’s an excerpt from the meeting:
Warren Buffett, the renowned investor and Chairman of Berkshire Hathaway, is also known for his avid reading habits and the value he places on continuous learning. Buffett often recommends books that have influenced his thinking and shaped his investment philosophy.
Work Experience
| Developer | |
| Self-Employed | |
| September 2022 - Present (10 months) | |
| I developed 2 algorithms for a value and momentum asset allocation strategies. |
| Asset Allocation Strategist | |
| Self-Employed | |
| March 2021 - August 2022 (1 year 6 months) | |
|
I developed investment systems and asset allocation applications for fiduciary plan sponsors, investment advisors, and investment companies. |
| Principal Consultant | |
| Fiduciary Focus, LLC | |
| January 2018 - March 2021 (3 years 3 months) | |
|
A trusted advisor to senior executives at mid-to-large sized professional services firms on retirement plans through my firm, Fiduciary Focus, LLC. |
| Principal Strategist | |
| TG Asset Management, LLC | |
| April 2010 - December 2017 (7 years 10 months) | |
|
Oversaw asset management firm designed for retirement plan assets. Developed and launched a dynamic asset allocation approach and system for counseling plan sponsors and retirement plan participants. |
| Co-Portfolio Manager, Director - Asset Allocation | |
| AXA US | |
| January 1999 - March 2010 (11 years 4 months) | |
|
Architect and co-portfolio manager to four equity ETF portfolios and six fund of fund strategic asset allocation portfolios with assets under management of $30B+. |
| AVP - Investment Management | |
| Chase Manhattan Bank (JPMorganChase) | |
| January 1998 - December 1998 (1 year) | |
|
Role included coverage of international equities on the Dynamic Asset Allocation team. |
| Mutual Fund Consultant | |
| Prudential | |
| January 1997 - December 1997 (1 year) |
| Mutual Fund Analyst | |
| J&W Seligman | |
| June 1996 - January 1997 (8 months) |
| Investment Executive | |
| PaineWebber | |
| October 1995 - June 1996 (9 months) |
| Individual Consultant | |
| TIAA-CREF | |
| June 1990 - October 1995 (5 years 5 months) |
Publications
| Asset Allocation For All Markets | |
| Terence Grennon | |
| Self | |
| 03/01/2023 | |
| We are familiar with the theory of asset distribution, but in a volatile market environment, the practice is very different. This book summarizes the most important findings from research conducted over the past half-century on topics such as investing during bull and bear market cycles, asset allocation, and investment administration. After providing an in-depth analysis of investing in stocks and going on to explain two active asset allocation strategies, we begin by taking a critical look at diversification and asset allocation. |
| Building a Balanced Portfolio | |
| Terry Grennon | |
| The Motley Fool | |
| 12/31/2013 |
| The Asset Allocation Pragmatist | |
| Terry Grennon | |
| The Motley Fool | |
| 11/27/2013 |
Latest Comments
Volatility Is Bottoming
Get ready to go long volatility.
When Should Fundamentals Be Ignored?
GMO study...
https://mcusercontent.com/6750faf5c6091bc898da154ff/files/8a6917c2-c8a3-ee27-1cbb-1d2e70bbb098/20210908.IF.Q2Letter.GMO.pdf?utm_source=PAID+The+Idea+Farm&utm_campaign=31a2e7d094-EMAIL_CAMPAIGN_2017_12_20_COPY_384&utm_medium=email&utm_term=0_ac58d173d8-31a2e7d094-412051737
When Should Fundamentals Be Ignored?
You should still consider such stocks but there is limited upside.