Periodic Tables – A White Paper

Bob Veres, perhaps the best-known commentator and reviewer of financial advising articles, gave a very favorable review of this white paper in the August 2020 edition of Inside Information.  The periodic table of asset returns is among the most widely used visual image to demonstrate the randomness of returns but only for one-year time horizons.  This white paper presents periodic tables for longer time horizons, stretching out to 30 years.  Using statistical analysis, the research reveals that over longer spans, much of the randomness vanishes, with rank correlations reaching 85%.

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How Dedicated Portfolios Reduce Behavioral Risk

The article reviews how portfolios based on dedicated portfolio theory were made for volatile times like these and tend to hold up much better than portfolios based on modern portfolio theory.  The recent market turmoil in both the stock and the bond market put clients’ financial plans under pressure, however we show how the Asset Dedication approach helps reduce some of the risks in ways that MPT and other approaches do not.

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Asset Dedication Wins Award for Research on Long Term Investing

The Investment & Wealth Institute awarded Asset Dedication’s Stephen J. Huxley, Ph.D. and Brent Burns, MBA, the 2019 Journal Research Award for their paper “Safety Zones, Danger Zones, and the Critical Path:  Visualizing U.S. Asset Class Returns Based on Time Horizons, Size, and Style,” published in the Retirement Management Journal, Vol. 7, No. 1 (2018).  The paper included an analysis not only of long-term return patterns, it also outlined the unique dedicated portfolio pioneered by Asset Dedication for personal finance as outlined in our book.  The award was given at the IWI conference in Las Vegas, May 5-7, 2019.   Click here to read the paper. >>

Dedicated Portfolio Theory versus Modern Portfolio Theory

In this article, published in the NAPFA ADVISOR magazine (April, 2018), Asset Dedication’s Stephen J. Huxley, Ph.D. and Brent Burns discuss how dedicated portfolio theory challenges modern portfolio theory.  Daniel Kahneman, Nobel Memorial Prize in Economic Science, 2002, essentially advocated for the dedicated approach to personal investing in his discussion at the 2018 MorningStar Conference in Chicago.  This is the strategy pioneered by Asset Dedication for personal finance as outlined in our bookClick here to read the article>>.