I am currently offered three ways to lose money:
- I can buy money market funds for an average of .07% return and lose principal due to inflation.
- I can buy bonds and lose money due to increases in interest rates.
- I can buy equities and lose money due to the recession that is forecasted because of Fed tightening.
As the song goes: you got to know when to walk away…know when to run. See you after the elections.
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About Frank Sortino
Frank Sortino is finance professor emeritus from San Francisco State University and Director of the Pension Research Institute which he founded in 1981. For 10 years he wrote a quarterly analysis of mutual funds for Pensions and Investments Magazine and he has written two books on the subject of Post Modern Portfolio Theory. He has been a featured speaker at many conferences in the U.S., Europe, South Africa, and the Pacific Basin. Dr. Sortino received his Ph.D in Finance from the University of Oregon and has carried out research projects with many institutions like Shell Oil, Netherlands and The City and County of San Francisco Retirement System.
Post Modern Portfolio Theory (PMPT) 