Newsletter Collection Update
It’s been nine months since we updated our newsletter collections last time. In this newsletter, we again want to update the collections. We believe the newsletters present our philosophy, methodology and various thoughts in retirement investments. Please remember you can always find this link on our articles page (pull down menu from Newsletters tab).
In general, we don’t include those that are time sensitive materials on markets in the collections. However, they are still of interests to readers to review:
- February 16, 2015: Where Are Permanent Portfolios Going?
- December 15, 2014: Beaten Down Assets
- November 3, 2014: Asset Trend Review
- August 4, 2014: Is This The Peak Or Correction?
Trend following (or momentum) tactical asset allocation strategy can not avoid the crash
From the chart above, one can see that leading to the October 1987, all of the major risk asset classes (US stocks, international stocks and US REITs) were clearly in an uptrend. The decline started gradually and then from October 14, it had a series of non-stop declines, leading to the largest decline on October 19. On the other hand, the long term bond didn’t give any warning: its price kept declining until October 19, a perfect synchronized (or correlated) act between stocks and bonds.
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