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| Title: | Market Investing |
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| Moderator: | 2155::michaud |
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| Created: | Thu Jan 23 1992 |
| Last Modified: | Thu Jun 05 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1060 |
| Total number of notes: | 10477 |
958.0. "1996: portfolio allocation" by ZENDIA::FERGUSON (Control for smilers cant be bought) Wed Jan 03 1996 10:24
1996. where to have your money topic.
right now, year end, i'm at about 52% in US stocks, 0% in bonds, 5% in
international, and about 43% in cash. cash position recently went up due
to a sale of DEC stock from the DEC 1 ESPP program.
i want to increase my international portion to about 10-12% or so.
i'm going to buy into more shares of T.R.Price Europe (already have 5.5k
here, add 2k) and i'm going to also get back into the Japanese equity market
(5k). and, i'm also going to put a little more into US stocks.
i'll be DCA'ing 160/mo each in TRP Sci+Tech, Japan, and Euro funds. i DCA'ed
all yr in the Euro and Sci Tech fund, both which had excellent returns
(euro: about 19%, SciTech 50% +). nice to have 2 incomes!
so, for Jan, i'm looking at an allotment of (approx):
US stocks: 54%
International: 10%
cash 36%
btw, i'm 30, my wife is 30, we have a house (also, in '96, i plan to lock
in a 30 yr fixed mortgage. i expect int rates to ease maybe 50 basis pts
more). our rate now is 5 7/8, will adjust to 6 7/8 in Oct '96 unless
T-bills drop dramatically (to below 3%, unlikely!).
what are ya'll doing for 1996?
| T.R | Title | User | Personal
Name | Date | Lines |
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| 958.1 | Defense, defense | ASDG::HORTON | paving the info highway | Wed Jan 03 1996 12:52 | 31 |
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Sticking mostly with a bunch of blue chips (see Notes 817.7 and .8).
I figure the U.S. bull market has a bit further to run, perhaps
out to 6200 on the DJIA by year-end thanks to the Fed cuts, before
the recession hits.
REITs and utilities look like winners in a declining interest
rate environment. I like Developers Diversified Realty (NYSE:DDR),
Wisconsin Energy (NYSE:WEC) and Texas Utilities (NYSE:TXU).
Won't be buying any more long bonds for a while. During 1995
Benham Target Maturities Trust 2020 (zero coupon bond fund,
symbol BTTTX) did wonderfully. I'll hold on to what I have
(about 20 percent), hope long term rates dip a little more,
maybe to 5.25% on the 30-yr T-bond, and cash in during the summer.
Europe is very interesting. I plan on putting in about 15
percent. Scudder New European Fund looks good (closed end fund,
trading at a discount, NYSE:NEF). If things start to pick up
I'll put more in.
And I am staying waaaaaaaayyyyy far away from tech stocks,
Summary: U.S. blue chips 40 percent
REITs and Utes 10
Long bonds (zeros) 20
European stocks 15
Cash 15
-Jerry
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| 958.2 | Small caps time in 1996... | LACV01::CORSON | Higher, and a bit more to the right | Wed Jan 03 1996 21:41 | 20 |
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Like Oakmark for Mutual Fund Defense, and Fidelity Select Electronics
for a little zip.
Long bonds could still give-up another 100 basis points this year
so, like Jerry, I'll sit on the zeros.
Like small caps a ton (if history means anything *this* is their
year), so am agressive in small cap funds (Heartland Value and
Artisan Small Cap), some individual holdings (Geerlings & Wade,
Mycogen, and others), and "junk bonds".
Maintaining about 20% cash and 20% international - mostly in
the Far East and LA (not the city).
Expect Dow to hit 6000 in '96, Fed rate at 4.75 by Dec and
inflation nonexistent. Now where do you think those 40,000
AT&T are going to go?
the Greyhawk
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| 958.3 | Dow 6000? sounds good to me! | WMODEV::GERARDI_B | America's PSG | Thu Jan 04 1996 11:59 | 17 |
| Well,
I have:
40% in Large-Cap stocks
20% in Small-cap stocks
15% in Govt. Bonds
25% in an Asset Allocator (which is like 20% cash 40% bonds and 40%
stocks with 10% being Global)
I think this is a pretty good low-mantainance portfolio. It is
probably able to catch any upswing, while still remaining relatively
low. I think the overall beta of my stocks is like < .85
Bart
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