Zoltan Pozsar (Credit Suisse):
“60/40 won’t cut it anymore and should be 20/40/20/20 instead,
with the weights representing cash, stocks, bonds, and commodities.”
Om Lysa tar hand om “stocks, bonds”,
banken eller någon penningmarknadsfond tar hand om “cash”.
Hur kan jag få indexliknande exponering emot “commodities” ?
Fullständig s#%t. Skulle strunta alla magiska strategier anno domini 2023. Dags att förenkla och köra en balanserad portfölj typ 60/40 eller 70/30. TINA har blivit TARA.
Vill man ha lite mera risk / aktieexponering, kör 80/20.
Dessa artiklar dyker upp med jämna mellanrum. Här är en som pekar på motsatsen:
https://www.wsj.com/articles/asset-allocation-60-40-portfolio-11673020720
Many investors have been despairing that the 60/40 portfolio, that venerable mix of 60% stocks and 40% bonds, is dead. Instead, they should be celebrating its resurrection. A so-called balanced portfolio is better-positioned to provide decent returns at moderate risk than it’s been in at least 15 years.
Last year’s bad news, though, foretells better times ahead for fixed-income investing. Rates have risen so far so fast that bonds finally offer decent yields of around 4% after paying diddly-squat for what felt like an eternity. Inflation-protected Treasurys even offer yields of roughly 1.6 percentage points above inflation.
Based on normal risk-return relationships since the advent of modern bond-market data in the 1970s, the typical 60/40 portfolio’s extreme losses last year had a probability of occurring only once in every 130 years, according to T. Rowe Price Group Inc.
One clear caveat: A balanced portfolio of stocks and bonds is “fraught with the opportunity to underperform” again if inflation remains high, says Matthew Wright, former chief investment officer of the Vanderbilt University endowment and now president of Disciplina Capital Management LLC, an investment firm in Nashville, Tenn.
Mr. Wright suggests thinking of it instead as a 60/30/10 portfolio consisting 60% of growth opportunities like stocks, 30% of such diversifiers as fixed income and 10% of assets that protect against inflation.
The investment theorist Peter Bernstein, who died in 2009, liked to call 60/40 “the center of gravity” for long-term investors. That’s because, over long periods, its 60% stake in stocks has tended to produce returns not much lower than a 100% position, while the 40% in bonds has usually blunted the sharp declines that stocks deliver along the way.
och avslutningsvis:
In short, a 60/40 portfolio makes the most sense for people who want to take a moderate amount of risk with a minimal amount of worry. That didn’t work in 2022. It might not even work in 2023. Over the longer term, though, it should work just fine.
För att svara på denna frågan så finns det både fonder och ETF:er som innehåller blandade råvaror. Finns även specifika etf:er för guld och silver om man vill ha sådant.
Fonder:
Vontobel commodity b usd
Multicooperation gam commodity b usd
JPM global natural recourses
Etf:er
IShares diversified commodity swap
Market Access Rogers international commodity index
IShares physical gold
Xetra gold
Vad är tara?
there are reasonable alternatives
Opti köper väl annat än bara räntor och aktier också. Inte helt hundra men kolla vetja.
De köper råvaror i deras icke hållbara portfölj. Samt en del gröna obligationer.
Om an ändå ska vänta 18 år så kan man lika gärna köra 100% aktier på lysa.
tror inte alls på de där modellerna är något att ha.