Intelligent Asset Allocator
|Title:||The Intelligent Asset Allocator|
|Publication date:||Hardcover: September 2000|
|Pages:||206 pp (Hardcover)|
Intelligent Asset Allocator (full title: The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk)
Table of contents
Chapter 1: General Considerations
Chapter 2: Risk and Return
Chapter 3: The Behavior of Multiple-Asset Portfolios
Chapter 4: The Behavior of Real-World Portfolios
Chapter 5: Optimal Asset Allocation
Chapter 6: Market Efficiency
Chapter 7: Odds and Ends
Chapter 8: Implementing Your Asset Allocation Strategy
Chapter 9: Investment Resources
Appendix A: Becoming Your Own Portfolio Analyst
Appendix B: Correlation Coefficients Among Asset Classes
|"Market timing and security selection are obviously important. The problem is that nobody achieves long-term success in the former, and almost nobody in the latter. Asset allocation is the only factor affecting your investments you can actually influence."|
|-- The Intelligent Asset Allocator, preface|
The first two chapters provide an overview of risk, standard deviation, and return, and discusses historical risk/return of T-bills, treasuries, stocks, REITS, small and value stocks, international, emerging markets stocks, and precious metals.
The next two chapters discuss correlation, and how mixing assets can improve risk-adjusted returns. It also talks about the efficient frontier.
Chapter 5 talks about constructing a portfolio, taking into account the investors risk-tolerance and desire for simplicity. It mentions the diminishing returns as additional asset classes are added. Several sample portfolios are outlined.
Chapter 6 talks about efficient markets, active management, taxes and concludes that indexing is the most rational way to invest.
Chapter 7 discusses value investing and the three factor Fama and French model, and also talks about currency risk and hedging.
Chapter 8 goes into more detail of model portfolios, using DFA and Vanguard funds. Tax implications are discussed, and both simple and more complex portfolio models are offered.
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