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How did it perform against a boglehead portfolio? Were fees and commissions included? Seems weird to evaluate performance over a single year for trades. Much mo
by languagehacker 1y ago
How did it perform against a boglehead portfolio? Were fees and commissions included? Seems weird to evaluate performance over a single year for trades. Much more interested in long-term growth over one or more market cycles.
- Fade_Dance 1y agoI think if you're talking on portfolio level a lot of these things are used as signals and parts of a greater whole. In that sense, they can indeed add value. My current project is a modern version of a classic Harry Browne portfolio with even asset allocations to gold/bonds/equity/commodities, with optional layers of sophistication according to spec needs. Something like systematic macro could be analyzed as a standalone return stream, but it's more useful when considered as an input into allocation/leverage adjustments (ex: if geopolitical uncertainty readings are high, cut down the trend following exposure). Even the more robot/quant stuff like vol trading feeds back into the wider portfolio management and portfolio construction level to some degree.