There are only two portfolios: Roadstead and Whaleroad.

We Find the Right Balance for You

Investment advisors and managers assume too much financial sophistication among their clients, or benefit from their lack thereof.  At the end of the day, there are only three questions that matter: How much can't you afford to lose, How much do need, and When do you need it?

The answers to these simple questions determine the size of your "Safe Haven Portfolio" allocation relative to your "Risky Asset Portfolio" allocation.  If you have the answers to these questions, we can easily construct an investment plan that suits your needs and time horizons. 


The Safe Haven Portfolio

The Safe Haven portfolio should not be confused with the Riskless Portfolio; all investments entail some risk of loss or underperformance.  That said, the Safe Haven portfolio is comprised of holdings in less-credit risky fixed income investments such as obligations of developed country governments like the United States, the Federal Republic of Germany, and other issuers that are generally considered to be responsible.

Types of risk that the Safe Haven portfolio remains exposed to are interest rate risk and inflation risk.  These risks are managed by diversification of holdings across geography, maturity and inflation protection profile.


The Risky Asset Portfolio

Just as the Safe Haven portfolio isn't riskless, neither is the Risky Asset portfolio unsafe; rather, the Risky Asset portfolio contains holdings in highly liquid, publicly traded equity securities that are managed by cost-efficient, established mangers that also manage funds for the world's largest investors.

The Risky Asset portfolio generally invests in the following types of investments: large-, mid- and small-capitalization stocks in developed markets; real estate investment trusts in developed markets; equities and governmental obligations in developing markets; and industrial and agricultural commodities.

The Risky Asset portfolio generally excludes investment grade and high yield corporate debt, the general obligations of municipalities, and sector-specific or style-specific equity investments. From time to time, pricing inefficiencies in markets warrant the inclusion of some or other of these investments, but these judgments are made on an opportunistic basis and are not considered core holdings.