Asset allocation
The mix of stocks, bonds, cash, and other assets that drives most portfolio behavior.
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The mix of stocks, bonds, cash, and other assets that drives most portfolio behavior.
One-hundredth of a percentage point, often used for fees, rates, and yield changes.
The decline from a portfolio peak to a later low, useful for understanding risk capacity.
The annual fund fee charged as a percentage of invested assets.
Cash generated after operating expenses and capital expenditures, important for stock analysis.
How widely market gains or losses are shared across securities, sectors, or indexes.
Returning a portfolio to target allocation after market movement causes drift.
The risk that poor returns early in retirement permanently damage withdrawal sustainability.
The difference between a fund's returns and the benchmark it aims to follow.
Index methodology, spreads, creations/redemptions, liquidity, tracking, securities lending.
Allocation, risk budget, drift, rebalancing, tax location, diversification, IPS.
Multiples, discount rates, margins, ROIC, FCF yield, earnings yield, scenario ranges.
Inflation, rates, earnings revisions, breadth, liquidity, recession indicators.
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