📖 READER VIEW (Read-Only, Public Access)
Portfolio Underperformance vs. Benchmark
AI Analysis Summary
The user's investment portfolio is underperforming the S&P 500 index over the past year, leading to concerns about asset allocation and holding onto underperforming assets.
Problème signalé
Questions
5 questionsWhat is the approximate percentage of your portfolio allocated to equities? (ID: 4291)
76-100%
How frequently do you review and rebalance your portfolio? (ID: 4292)
Quarterly
What are the primary asset classes in your portfolio (e.g., stocks, bonds, real estate, alternatives)? (ID: 4293)
Stocks, bonds
What is the average expense ratio of the funds or ETFs in your portfolio? (ID: 4294)
1.2%
Do you actively manage your portfolio or is it passively managed? (ID: 4295)
Actively managed
Causes identifiées
4 causesAllocation d'actifs sous-optimale
75%Le mélange de classes d'actifs de votre portefeuille peut ne pas être aligné avec les conditions du marché ou vos objectifs d'investissement, entraînant une sous-performance par rapport à un indice boursier large comme le S&P 500.
Détention d'actifs sous-performants
60%Vous pourriez détenir des actions individuelles ou des fonds qui ont constamment sous-performé le marché, faisant ainsi baisser les rendements globaux de votre portefeuille.
Frais et dépenses élevés
40%Des ratios de frais élevés sur les fonds communs de placement ou les FNB peuvent réduire considérablement vos rendements, surtout à long terme, faisant ainsi que votre portefeuille soit à la traîne par rapport à des alternatives moins coûteuses.
Manque de rééquilibrage
35%Sans rééquilibrage régulier, votre portefeuille peut s'éloigner de son allocation d'actifs cible, ce qui peut potentiellement entraîner une surpondération d'actifs sous-performants ou une sous-pondération d'actifs surperformants.
Solutions recommandées
8 solutionsAnalyze Individual Holdings
🤖 AI Analysis
"The user is concerned about their portfolio's performance over the last year, and actively managing it. Analyzing individual holdings is a direct way to identify underperforming assets within an actively managed portfolio, which is the core of the user's concern."
Review Asset Allocation Strategy
🤖 AI Analysis
"Given the user's high equity allocation (76-100%) and active management, reviewing the overall asset allocation strategy is crucial to ensure it still aligns with their goals and risk tolerance, especially if performance is a concern."
Evaluate Fund Expense Ratios
🤖 AI Analysis
"The user's portfolio has an expense ratio of 1.2%, which is relatively high. Evaluating fund expense ratios is a direct step to identify potential areas for cost reduction that could improve net performance."
Switch to Lower-Cost Funds
🤖 AI Analysis
"Following the evaluation of high expense ratios, switching to lower-cost funds is a logical next step to directly address the impact of fees on performance, especially in an actively managed portfolio where fees can be a significant drag."
Consider Diversification
🤖 AI Analysis
"While the user mentions stocks and bonds, a high equity allocation might benefit from a deeper dive into diversification across sectors and geographies to mitigate risk and potentially improve performance, especially if the concern is about overall portfolio performance."
Implement Stop-Loss Orders
🤖 AI Analysis
"Stop-loss orders are a risk management tool that can help limit losses on individual holdings. While not directly addressing the overall performance concern, it's a relevant tactic for an actively managed portfolio where the user is monitoring performance."
Establish a Rebalancing Schedule
🤖 AI Analysis
"The user already reviews and rebalances quarterly. While establishing a schedule is a good practice, the current schedule is already in place, making this solution less directly relevant to the immediate performance concern, though it's a foundational element of portfolio management."
Automate Rebalancing
🤖 AI Analysis
"Automating rebalancing is a convenience feature. Since the user is already rebalancing quarterly, the primary concern is performance, not necessarily the efficiency of the rebalancing process itself. This is a secondary consideration."
Ressources d'Autorité
GMO Quarterly Letter 1Q2024 | Americas | GMO
... S&P 500 underperforming the equal-weighted version. In such an environment ... As we will see, the reason why the S&P 500 and other U.S. large cap ...
The Real Reason Active Managers Underperform The S&P 500 Index
Nov 12, 2019 ... That style of investing does not manage risk for you. An index fund manager is not paid to guard your $1,000,000 portfolio so that it doesn't ...