CapitalTime
Articles on investing and capital management, with a quantitative focus.
Big Picture
General thoughts and reflections on investing and the current market.
2024-10-06
Why Gold?
Someone recently asked me why 20% of my portfolio is invested in gold. I put together a list of reasons, and will share them here… #bigpicture
2024-06-23
Some Excellent Podcast Episodes
I enjoy listening to the Rational Reminder podcast. They cover a pretty wide range of investing topics, discuss research, and have some… #bigpicture
2023-10-20
Why Invest in Bonds?
Bonds have performed very poorly in the last 3 years, with negative returns in 2021, 2022, and 2023 so far. The recent terrible performance… #bigpicture
2023-07-18
Don’t Believe the Forecasts
Analysts and economists frequently appear in the media, giving their forecasts for all kinds of things - recessions, inflation, interest rates… #bigpicture
2023-01-11
Listen to the Federal Reserve
These comments are about the US Federal Reserve (or “Fed”) and their policy interest rate. The Bank of Canada usually follows… #bigpicture
2022-12-27
Why You Should Not Use My Risk Parity Portfolio
I post about my risk parity portfolio frequently on this personal blog or investing journal, because it’s how I invest… #bigpicture
2022-09-09
Is This a Market Bottom?
Since we just had a large drawdown (23% drop in stocks), could this be a market bottom and the start of a new rally?… #bigpicture
2022-07-03
Handling Market Declines
The markets have been uncooperative so far this year. As both stocks and bonds decline sharply, I’ve been reminding myself of a few things… #bigpicture
2022-05-06
Bonds Are a Good Investment
Researchers have updated (and corrected) historical stock and bond data, providing a more complete picture of historical returns… #bigpicture
2021-07-24
Investing With Crash Protection
I have two distinct strategies for investing while also having some protection from crashes and extreme volatility. One is Bullsignals… #bigpicture
2021-05-02
Time To Invest In Bitcoin?
No. I already committed myself to a specific portfolio strategy, based on extensive research and modelling. My portfolio is based on… #bigpicture
2020-11-22
Stocks Are Always Scary
COVID-19 certainly qualifies as a true catastrophe, but it won’t be the last stock market disaster. As I pointed out a year ago… #bigpicture
2020-09-11
Indexing is Not Passive
Index investing has become more popular in recent years. For example, someone can hold an index fund that tracks the S&P 500 index … #bigpicture
2020-08-03
What Happens Next?
Market analysts and commentators love to make appearances in the media and share their predictions about what will happen next. Often, … #bigpicture
2020-07-25
Mid Year Report Card
I use a number of different investment strategies, each covered in a different section of this web site. The “top level” asset allocation… #bigpicture
2020-03-22
Zoom Out to 1 Year
Lately, daily volatility in markets has been extreme. To see things more clearly, I think it helps to “zoom out” and look at the longer term… #bigpicture
2020-03-07
Mild TSX Correction So Far
Would it surprise you to hear that this has been a mild stock correction so far? For Canada’s benchmark index, this current selloff… #bigpicture
2020-02-27
COVID-19 and Stocks
Posting an article like this one is risky, because at some point in the future, the outcome of COVID-19 will be known… #bigpicture
2019-11-19
Trouble Investing New Money
Are you having trouble investing new money? Are concerns about an overvalued stock market preventing you from making purchases?… #bigpicture
2019-11-05
I am not a Tortoise
According to Wikipedia, most tortoise species can live to around 100 years, with some living over 150 years… #bigpicture
2019-10-22
Backtesting with the Portfolio Visualizer
One of my favourite investment-related web sites is the Portfolio Visualizer, a collection of analysis tools that can be used to study the behaviour… #bigpicture
2019-08-13
Choosing My Asset Allocation
I’ve described some details of risk parity, but I should explain how I arrived at my PRP asset allocation. There is no ideal single asset allocation… #bigpicture
2019-07-17
I don’t know what the market will do
I don’t know how the economy will behave, if we’ll get runaway inflation, and if stocks will continue to do well. #bigpicture
2019-06-07
Investment goals
Here, I describe my own investment goals to provide context for the articles I write… #bigpicture
2019-06-05
We are shaped by our experiences
Investing can mean different things to different people, and not everyone has the same priorities… #bigpicture