The Fed potentially winding down fiscal stimulus raises the question of whether current interest rates are sustainable. But investors have been concerned whether interest rates were too low for more than a decade. Seven years ago, in response to continued concern over the viability of investing in bonds, I made a case that rates in the US did not have to go up given the existin ...
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Is Asset Allocation The Single Most Important Investment Decision?
The proper implementation of asset allocation, and the correct application of its processes has been a concern for investment practitioners since the founding of modern portfolio theory by Harry Markowitz in 1952. As part of New Frontier’s legacy of investment research in daily practice, Dr. Richard Michaud will deliver a series of presentations on “Rethinking Asset Allocation” ...
Cryptocurrency: Too Volatile for Your Pension
With recent remarks by SEC chair Gary Gensler asserting the position that the U.S. will seek more regulatory authority over the burgeoning digital currency space, we at New Frontier thought it important to review for advisors our reasoning for why Bitcoin and other cryptocurrencies do not meet New Frontier’s criteria for inclusion in risk-managed accounts. Since inception of ...