Skip to content

Start Here
- Site Map
- The Problem
- The Plan
- MoneyDeck
- Elements
- Blog Posts
Intermediate
Gurus
Portfolios
More

MENUMENU

Basics
Intermediate
Advanced

Category: Diversification

Portfolio Construction

Diversification / What works

December 11, 2019

by Mike Rawson · Published December 11, 2019

Klement on Portfolio Construction

Today’s post looks at an old paper on portfolio construction by Joachim Klement.

Social:

You are here

7 Circles > Passive & Assets > Diversification

Categories

►Active investing (201)
- Coronavirus (6)
- Fundamental Analysis (6)
- Market Timing (2)
- ►Technical Analysis (22)
  - Spread Betting (9)
- ►Tools (34)
  - Database (6)
- Trades, Tips & Funds (42)
- ►What works (79)
  - Crisis Alpha (5)
  - Low Vol (3)
  - Pairs (1)
  - Stock Screens (47)
►Basics (180)
- Cash & Debt (13)
- ►Costs & Taxes (104)
  - Costs (11)
  - ►Taxes (69)
    
    IHT (45)
- Elements (25)
- FIRE & Frugal (9)
- MoneyDeck (36)
- The Problem (17)
►Books (57)
- BIM (11)
- Book Reviews (4)
- R2R (42)
►Decumulation (21)
- Drawdown (6)
- NextGen (1)
- Pensions (12)
- Sequencing (2)
►Economics (50)
- 23 Things (10)
- Basic income (4)
- Election (9)
- GDP (3)
- Opinion (9)
- Psychology (7)
►Gurus (232)
- ►Box Systems (13)
  - Minervini (7)
  - Weinstein (6)
- ►Buffett (14)
  - Buffettology (1)
- ►Masters (18)
  - 1 Thing (9)
  - Free Capital (9)
- ►Required Reading (53)
  - Behavioural Investing (5)
  - Excess Returns (14)
  - Execution (4)
  - Expected Returns (9)
  - Farleigh (1)
  - Marks (5)
  - Sceptical (5)
  - Stock Profits (5)
  - Ten Ways (5)
- ►Simple Approaches (14)
  - Alpha Architect (4)
  - Collins (1)
  - Demystified (4)
  - Smarter Investing (5)
- ►Traders (48)
  - Carver (27)
  - Elder (8)
  - Naked Trader (6)
  - Pryor (2)
  - Shing (5)
- ►Trend Following (26)
  - Covel (10)
  - Own The World (8)
  - Turtles (8)
- ►UK Stock Pickers (6)
  - Oakley (6)
- Wizards (40)
►News (420)
- Events (28)
- Featured (14)
- Partners (19)
- Reports (53)
- UK Budgets (14)
▼Passive & Assets (62)
- Assets (19)
- Diversification (1)
- Factors (6)
- Passive (16)
- Rebalancing (3)
- RoboAdvice (17)
►Portfolios (155)
- ►Core (44)
  - ETFs (14)
  - HL (3)
  - Mike’s portfolio (17)
  - VCTs (10)
- ►Stock (77)
  - Defensive (15)
  - Piggyback (22)
  - Sectors (8)
  - SmallCap (AIM) (32)
- ►Theme (18)
  - ESG (6)
  - Investment Trusts (11)
  - Smart Beta (1)
- ►Trend (14)
  - Bonkers (12)
  - MATS (2)

Posts, Comments, tags

Recent Posts
Recent Comments
Tags
Popular Posts

Featured / Mike's portfolio

The 36 Year Snowball
Featured / Mike's portfolio

Annual Portfolio Review 2019
Featured / Stock Screens

Stock Screeners December 2019
Featured / IHT

AIM IHT Portfolio Update 29 – November 2019
Featured / SmallCap (AIM)

SmallCap Growth Aim Portfolio 27 – November 2019
ETFs / Featured / Passive

Passive ETF Portfolios – A Recap
Featured / VCTs

VCT Portfolio July 2019
ETFs / Featured / Passive

Lazy Portfolios
ETFs / Featured / Investment Trusts

The £1M Portfolio and The 7 Circles 100
Featured / MoneyDeck

8♣ – Don’t be Afraid of All Time Highs

FIRE & Frugal

Savings Rate – the four pot solution
R2R

Retirement Strategies 2 – SIPP Run-Off and the LTA
Mike's portfolio / R2R

Pension Drawdown – UFPLS (uncrystallised funds pension lump sum)
R2R

Drawdown Strategy – Joining the Chain Gang
Assets / Own The World / RoboAdvice

Plain English Global Multi-Asset Fund
Tools

Portfolio Tracking Spreadsheet, part 2
Weinstein

Stan Weinstein’s Stage System 1 – Charts and Buying
FIRE & Frugal / Mike's portfolio

FIRE Prowess Gauge – Chain Gang No 2
Featured / Mike's portfolio

Annual Portfolio Review 2019
VCTs

VCTs and EIS for 2017-18

Mike Rawson says:

I've always liked the idea since my MBA (early 90s) but...
Al Cam says:

Interesting article, and thanks for pulling it together. It seems like...
Mike Rawson says:

I don't use Blake's "one penny" rule, but yes, I've been...
Jeff Christian says:

Did you ever try it? If so, how is it going?
Mike Rawson says:

Thanks for the kind words, Gareth. Glad it was of some...
Gareth says:

Thanks for a brilliant summary of this book. I have only...
Al Cam says:

Interesting. WFH was not alien to me. I did it for...
Mike Rawson says:

It's mainly because: - the shops have all increased their prices...
Al Cam says:

Woh! This might be because your habits have changed, for example:...
Mike Rawson says:

Feels more like a 50% increase over two months to me...

Active Alternatives Annuities Assets Benchmark Bonds Cash CGT China Commodities Costs Debt Demographics Dividends Drawdown Emerging markets ETFs Europe FX GDP Growth rate IHT Income Tax Inequality Interest rates Investment trusts ISA Macro NIC Oil P2P Passive Property Psychology Risk Robotics SIPP SmallCap SWAG Technical analysis The Problem US Valuation VCT What works

support us on patreon

Financial Coaching

Tweets by @the7circles

Archives

►2020 (107)
- ►July (2)
- ►June (18)
- ►May (17)
- ►April (17)
- ►March (18)
- ►February (16)
- ►January (19)
►2019 (208)
- ►December (17)
- ►November (17)
- ►October (18)
- ►September (16)
- ►August (17)
- ►July (21)
- ►June (19)
- ►May (18)
- ►April (16)
- ►March (14)
- ►February (16)
- ►January (19)
►2018 (208)
- ►December (16)
- ►November (18)
- ►October (18)
- ►September (16)
- ►August (18)
- ►July (18)
- ►June (17)
- ►May (18)
- ►April (17)
- ►March (17)
- ►February (16)
- ►January (19)
►2017 (208)
- ►December (16)
- ►November (18)
- ►October (18)
- ►September (17)
- ►August (18)
- ►July (17)
- ►June (18)
- ►May (18)
- ►April (16)
- ►March (18)
- ►February (16)
- ►January (18)
►2016 (221)
- ►December (17)
- ►November (18)
- ►October (17)
- ►September (18)
- ►August (18)
- ►July (28)
- ►June (18)
- ►May (18)
- ►April (17)
- ►March (18)
- ►February (17)
- ►January (17)
►2015 (204)
- ►December (17)
- ►November (18)
- ►October (16)
- ►September (18)
- ►August (17)
- ►July (18)
- ►June (18)
- ►May (15)
- ►April (17)
- ►March (19)
- ►February (15)
- ►January (16)
►2014 (25)
- ►December (11)
- ►November (12)
- ►October (2)

Buy Mike a beer

Payment via PayPal

More

Search for:

Compound interest is the eighth wonder of the world.

— Albert Einstein

Popular Posts & Pages

A guide for the ... 7,595 views
Ready-Made Portfolios – Hargreaves ... 5,813 views
Savings Rate – the ... 5,363 views
The Plan 4,970 views
Mark Minervini 1 – ... 4,898 views
Stan Weinstein’s Stage System ... 4,639 views
Investment Trust Portfolio – ... 4,233 views
Drawdown Strategy – Joining ... 3,876 views
Reasons to be Fearful ... 3,498 views
UK budget breakdown – ... 3,429 views

Categories

23 Things Active investing Assets BIM Bonkers Buffett Carver Cash & Debt Costs Covel Defensive Elements ETFs Events Excess Returns Expected Returns Featured IHT Investment Trusts Mike's portfolio MoneyDeck News Partners Passive Pensions Piggyback R2R Reports RoboAdvice SmallCap (AIM)Stock Screens Taxes Technical Analysis The Problem Tools Trades, Tips & Funds UK Budgets VCTs What works Wizards

Email

mike@the7circles.uk

Newsletter

Register for free updates:

Leave this field empty if you're human:

Tools

Four Pot Solution (Savings Rate)
Technical Analysis Sheet
Portfolio Tracking Sheet
Watchlist Spreadsheet
Risk Tolerance Questionnaire

Stock & Fund Lists

Perfect Portfolio (ETFs)
Factor Funds
MATS (Trend)
Investment Trusts
Exposure Stocks

Resources

Expected Returns
Stock Screeners
Robo Advisors
Family Firms
Bookshop

About Us

FAQs
About Mike
Support Us
Small Print
Site Map

Start Here
- Site Map
- The Problem
- The Plan
- MoneyDeck
- Elements
- Blog Posts
Intermediate
Gurus
Portfolios
More

Join our mailing list today for free:

Enter your name and email and get the weekly newsletter... it's FREE!

7 Circles
- The UK Guide for the Private Investor

Your information will *never* be shared or sold to a 3rd party.

This site uses cookies: Find out more