Risk Parity. Alex Shahidi

      1  Cover

      2  Praise for Risk Parity

      3  Title Page

      4  Copyright

      5  Dedication

      6  Foreword

      7  Preface

      8  Acknowledgments

      9  About the Author

      10  Introduction NOTE

      11  CHAPTER ONE: What Is Risk Parity? RISK PARITY IS ALL ABOUT BALANCE THE SOURCE OF RETURNS WHAT IS RISK? THE 60/40 PORTFOLIO IS NOT WELL‐BALANCED RISK PARITY FRAMEWORK OVERVIEW PEER GROUP RISK

      12  CHAPTER TWO: Two Steps to Build a Well‐Balanced Portfolio STEP 1: WHICH ASSET CLASSES TO REDUCE RISK? STEP 2: HOW TO STRUCTURE EACH ASSET CLASS TO HAVE EQUITY‐LIKE RETURNS

      13  CHAPTER THREE: Equities WHAT ARE STOCKS? HOW DO STOCKS PERFORM ACROSS DIFFERENT ENVIRONMENTS? WHAT IS THE BEST WAY TO INVEST IN EQUITIES? STOCK MARKET CYCLES ARE THERE EXTRAORDINARY ENVIRONMENTS TO CONSIDER? SUMMARY NOTE

      14  CHAPTER FOUR: Treasuries WHAT ARE TREASURIES? HOW DO TREASURIES PERFORM ACROSS DIFFERENT ENVIRONMENTS? WHAT IS THE BEST WAY TO INVEST IN TREASURIES? ARE THERE EXTRAORDINARY ENVIRONMENTS TO CONSIDER? SUMMARY

      15  CHAPTER FIVE: TIPS WHAT ARE TIPS? HOW DO TIPS PERFORM ACROSS DIFFERENT ENVIRONMENTS? WHAT IS THE BEST WAY TO INVEST IN TIPS? ARE THERE EXTRAORDINARY ENVIRONMENTS TO CONSIDER? SUMMARY NOTES

      16  CHAPTER SIX: Commodities WHAT ARE COMMODITIES? HOW DO COMMODITIES PERFORM ACROSS DIFFERENT ENVIRONMENTS? WHAT IS THE BEST WAY TO INVEST IN COMMODITIES? OTHER CONSIDERATIONS SUMMARY

      17  CHAPTER SEVEN: Other Asset Classes EQUITY SUBGROUPS NON‐US BONDS CORPORATE BONDS MUNICIPAL BONDS COMMERCIAL REAL ESTATE PRIVATE EQUITY HEDGE FUNDS CRYPTOCURRENCIES CASH SUMMARY

      18  CHAPTER EIGHT: Risk Parity Portfolio Summary CONCEPTUAL FRAMEWORK TARGET ALLOCATION RISK PARITY WITHOUT LEVERAGE OR WITH MORE LEVERAGE SUMMARY NOTE

      19  CHAPTER NINE: Risk Parity Portfolio Historical Returns RETURNS SINCE 1998 (TIPS INCEPTION) RETURNS SINCE 1970 RETURNS SINCE 1926 SUMMARY NOTES