Today's Market Roundtable Podcast features Lawrence Fuller of Fuller Asset Management and The Portfolio Architect. Fuller's strategy is an adaptation of Ray Dalio's All Weather portfolio that maintains exposure to asset classes based on economic "seasons."
Having lived through all four of these "seasons," the appeal of maintaining exposure to various asset classes is obvious to Fuller. He tweaked his model to manage exposure tactically across a range of assets, specifically stocks, gold, commodities, and bonds. The portfolio allows for core and target allocations to each asset class and built-in flexibility for an "upside" above the target if he feels this is prudent.
Topics covered:
1:45 - Tactical vs. strategic investing strategies 6:00 - Allocation targets 8:45 - Lessons learned that affect investing strategy 10:30 - One lesson specifically learned from the markets over the last 12 months 12:45 - Going forward, what events could affect your allocation strategy... recession worries? 17:30 - The risks in today's market 22:30 - Favorite ideas; FCX, ALB