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By October 4, 2023February 2nd, 2024One Wealth Perspectives

Most clients know we preach asset allocation, which is an investment approach that helps spread your risk and opportunity across a variety of stocks, bonds and other investments. Well, it hasn’t worked so well this year. Despite some equity indices being up for the year, the average stock is up only about 1% so far and bonds are generally down again, after having their worst year in generations. What is one to do?

I come to work each day thinking about how to increase returns and/or reduce risk in client portfolios. I travel and take meetings with all sorts of investment companies (I’m actually in NY right now on an investment tour). Whereas each of these companies tends to preach positive expected experiences over time, it seems very few have shown stellar returns over the past few years (and if they did they were likely taking a lot of risk).

Although recent tepid investment experiences make us challenge ourselves to consider alternatives to certain investments (like emerging markets, high yield bonds, and illiquid alternatives for certain clients), we believe spreading our risk and opportunity across a variety of assets remains the most prudent approach to investing. And if returns remain tepid over the near future, patience is going to be the key to long term success.

The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.
The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forward‐looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.