Author: Kevin Shine, Shine Financial Services
Covestor model: Asset Allocation
Disclosures: None
The global financial system is being tested again, which means that opportunities are likely to present themselves. There is talk of another recession in the U.S., Greece is a lingering headache for banks, and banks are still not lending enough, which is part of the reason we may dip back into recession.
This is just one of many possible self-fulfilling problems we will need to get behind us, but once we do I believe another bull market will be born.
With almost 20% in cash as of the beginning of October, and with the markets falling, my model will start allocating towards higher risk assets that I hope will propel the portfolio once we get through this, as we did in 2009. It could very well be a bumpy ride, but I’m hopeful my results after the next bull market will be worth it.
