Today we will analyze the all -weather portfolio of the famous investor Ray Dalio, and also, collect our portfolio from Russian securities, following its principles.
What is an all -weather portfolio?
Together with the Analyst Analyst team, Ray Dalio calculated how certain changes in the economy affect the cost of shares. According to him, correlations remain almost unchanged for hundreds of years.
The following factors were taken into account: growth/decline, inflation/deflation. Based on this, Dalio developed 4 investment strategies suitable for each economic model. He combined them into one and compiled his portfolio on the resulting set.
Ray Dalio's strategy has become widespread. And the amount of investments in its fund is now about $ 80 billion.
The profitability of the Ray Dalio Foundation:
The average annual yield of the S&P 500 index is 9.7%, which is not much larger than the Dalio portfolio. But the S&P 500 fell much stronger: in 2020 --33.6%, in 2009 --54%, in 2002 --49%, in 1974 --48%.
And Dalio lost less than 13%in all this time. Therefore, the portfolio is called all -weather. It is very stable, and in terms of profitability it is almost not inferior to the index.
Assets of the portfolio Dalio
But, since, most of us do not live in the USA and do not have the status of a qualified investor, but I want to collect such a portfolio, we will collect it from available tools.
We collect a portfolio on the Moscow Bill
So, the ratio of shares/bonds in the portfolio should be 55/45.
Let's start assembly:
💥Dlin bonds (from 10 years) - by 40%.
The most attractive we have OFZ 26233 with a yield of 9.1% and OFZ 26221 are also 9.1%. Before repayment - 13.1 years and 10.7 years.
💥 Fund of Russian shares - 30%.
The largest capitalization and reliable is the SMBX Foundation - a fund from Sberbank, which follows the Mosbirzhi index.
💥 medium bonds (from 3 to 7 years) - by 15%.
We take OFZ 26236 and OFZ 26237 with the same yield - 8.9% per annum. The repayment date is 5.9 and 6.7 years.
💥Zoloto - by 7.5%.
2 companies of the pole gold and Polymetal are suggested here. If you do not invest in Russian shares, then you can consider the fund for gold from VTB (VTBG).
💥 raw materials - by 7.5%.
There is no good diversified fund for raw materials on the Mosbirzh. Therefore, we will take separate shares from oil and gas, ferrous and non -ferrous metallurgy: Gazprom, Lukoil, Rosneft, Novatek, Norilskell, MMK, Severstal.
However, there is a problem in the fact that the portfolio already has an index on the Moscow Brive (30% of the portfolio), and it is just half of oil and gas and metallurgy. Therefore, a strong bias is obtained.
Therefore, it is better to consider foreign actions from the Energy and Basic Materials sectors. From oil and gas - Chevron, Exxonmobil, Petrochina; Copper-Freeport-McMoran; Steel - Nucor Corporation, Steel Dynamics; Aluminum - Aluminum Corporation of China, Alcoa.
Well, we collected the Ray Dalio portfolio on the Moscow Exchange, what do you think about this approach to investment?
For today, thanks for your attention!
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