The Adaptive Investment Portfolio: A Smarter, More Dynamic Way to Invest in Any Market Cycle

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Michael P Ernst

The Adaptive Investment Portfolio

A Smarter, More Dynamic Way to Invest in Any Market Cycle

Michael P Ernst

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English

Ernst & Co. Wealth Management, LLC
14 November 2018

Economic forecasting; Finance; Investment & securities

Summary
Details

Since the 2008 global financial crisis, the world's central banks have kept interest rates artificially low while simultaneously elevating global equity prices, real estate valuations, and debt. Faced with rising inflationary pressure, the Federal Reserve has recently hiked interest rates and embarked on a quantitative tightening policy. This suggests a change in the economic cycle, and investors must be able to adapt to the evolving market conditions.

The shifting central bank policy, coupled with current geopolitical uncertainty, can add to the unpredictability of markets, causing some investors to take an emotional rather than a rational response to managing their portfolios. Oftentimes fear, greed, and risk cause us to make decisions that are not necessarily in our best interest.

While diversification is an important investment concept, being diversified between stocks, bonds, and cash alone may not be enough. A static buy and hold approach in a market that is increasingly dynamic is antiquated. Today, prudent risk management and capital preservation strategies are paramount to protecting investor's long-term interests. Diversifying by investment style and across sectors, geographies, and asset classes can help insulate portfolios from market uncertainty and improve the potential for better outcomes.

In The Adaptive Investment Portfolio, Michael P. Ernst offers a clear and well defined process that guides investors on how to build a portfolio that automatically adapts to changing market conditions. By reducing volatility and providing a smoother ride, investors can avoid taking an emotional response to managing their investments, providing a higher level of confidence regardless of market conditions.

By: Michael P Ernst
Imprint: Ernst & Co. Wealth Management, LLC
Dimensions: Height: 216mm, Width: 140mm, Spine: 14mm
Weight: 376g
ISBN: 9781732894617
ISBN 10: 1732894612
Pages: 190
Publication Date: 14 November 2018
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active