The Balanced Portfolio: Rebalancing
Monthly purchases and changes to the asset allocation
Welcome back guys!
Thank you all for the big support!
Welcome to all the new paid subscribers: remember that you have full access to the model portfolios and to every change in the asset allocation.
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Moreover within the end of the week I will post a new market outlook!
Now it is time to talk about the Balanced Portfolio and the allocation adjustments.
Firstly I will show you the current portfolio and the performance, then I will list the monthly purchases in order to rebalance the portfolio.
January has been a tough month for bonds and stocks: both asset classes have been subject to strong falls, mainly because of the very hawkish postion taken by the principal central banks. Now markets expect 7 rate hikes from the FED and 2 from ECB, much more than one month ago. Moreover the rising tension in Ucraine put even more pressure to the risky assets.
The sell-off overwhelmed especially tech stocks, long duration bonds, and high yield bonds.
On the other side, there have been some winners that had a positive performance in the month.