Posts for tag #Asset allocation
Overlap between ETFs - Part2
August 26, 2026
More overlap checks within my Dividend & Value sleeve: MSCI World Value duplicates about 90% of what I hold in Vanguard (5.71% of my total portfolio), and small-position TDIV duplicates 97% of Vanguard (2.3% of the total). I keep TDIV anyway - it pulls my regional allocation closer to target despite the overlap.
Sequence of Returns Risk
August 11, 2026
Sequence of returns risk is the danger that poor investment returns early in retirement, combined with regular withdrawals, shrink your portfolio. This can produce poor outcomes in later years, including completely running out of money. Here's how it works, and what you can do about it.
Overlap between ETFs - Part 1
August 10, 2026
I built my own tool to check overlap between my four largest equity ETFs (64% of the portfolio). Xtrackers S&P 500 vs MSCI World Value overlaps just 9.73%, but MSCI World Value vs MSCI World ex USA comes to 31.82% - three times higher. Nothing to act on yet, but worth no all is perfect.
Why I underweight the US
July 6, 2026
My target regional allocation is 45% US, 30% Europe, 25% Other. The 45% US is a big and deliberate cut versus the ~71% US weight in MSCI World and ~63% in MSCI ACWI. My reasons: concentration risk, a currency problem, and a shifting geopolitical landscape - the hardest of the three to quantify, but maybe the most important.