The conventional portfolio is prone to frequent and potentially
devastating losses because it is NOT balanced to different economic
outcomes. In contrast, a truly balanced portfolio can help
investors reduce risk and more reliably achieve their objectives.
This simple fact would surprise most investors, from beginners to
professionals. Investment consultant Alex Shahidi puts his 15 years
of experience advising the most sophisticated investors in the
world and managing multi-billion dollar portfolios to work in this
important resource for investors. You will better understand why
nearly every portfolio is poorly balanced and how to view the
crucial asset allocation decision from a deeper, more thoughtful
perspective. The concepts presented are simple, intuitive and easy
to implement for every investor. Author Alex Shahidi will walk you
through the logic behind the balanced portfolio framework and
provide step-by-step instructions on how to build a truly balanced
portfolio. No book has ever been written that discusses asset
allocation in this light.
* Provides insights from a top-ranked investment consultant using
strategies from the industry’s brightest minds
* Proposes a balanced asset allocation that can achieve stable
returns through various economic climates
* Introduces sophisticated concepts in very simple terms
For those who want to better manage their investment portfolio
and seek a more advanced approach to building a balanced portfolio,
Balanced Asset Allocation: How to Profit in Any Economic
Climate provides an in-depth treatment of the topic that
can be put to use immediately.
Inhaltsverzeichnis
Foreword Bill Lee ix
Acknowledgments xi
About the Author xiii
Introduction 1
Chapter 1 The Economic Machine: Why Being Balanced is So Important Today 5
Chapter 2 Your Portfolio is Not Well Balanced 19
Chapter 3 The Fundamental Drivers of Asset Class Returns 29
Chapter 4 Viewing Stocks through a Balanced Portfolio Lens 49
Chapter 5 The High Value of Low-Yielding Treasuries within the Balanced Portfolio Framework 69
Chapter 6 Why TIPS are Critical to Maintaining Balance (Despite Their Low Yield) 89
Chapter 7 Owning Commodities in a Balanced Portfolio 101
Chapter 8 Even More Balance: Introduction to Other Asset Classes 115
Chapter 9 How to Build a Balanced Portfolio: Conceptual Framework 127
Chapter 10 How to Build a Balanced Portfolio: The Step-by-Step Process 143
Chapter 11 The Balanced Portfolio: Historical Returns 155
Chapter 12 Implementation Strategies: Putting Theory into Practice 181
Chapter 13 Conclusion 195
About the Website 197
Index 199
Über den Autor
ALEX SHAHIDI is a leading investment consultant managing
multi-billion dollar portfolios. He focuses on advising large
pension funds, foundations, endowments, and ultra-high-net-worth
families, and is responsible for managing over $13 billion in
assets. Alex is a Chartered Financial Analyst Charterholder,
Certified Investment Management Analyst, and a Certified Financial
Planner. Since 2008, he has consistently been recognized as one of
the top financial advisors in the country by national publications
such as Barron’s, Worth, and On Wall Street.
His comments about asset allocation have been referenced in the
Wall Street Journal, Market Watch, Money News,
and Advisor Perspectives.
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