Beck Investment Management LLC
Beck Investment
Management LLC
530 Lytton Ave Ste 305
Palo Alto, CA 94301
ph: 650 328 7900
fax: 650 644 2546
lb
Philosophy
Recent studies by Fama and French and Morningstar establish that active managers lag behind their indexes over time. The most recent study by Morningstar show that active managers that did beat an index in the short-term took more risk than the returns earned. Therefore we generally invest in indexes. Where we differ with most investment managers is in retirement accounts. We use bonds to provide income not just "buffer" the account from market fluctuations. Providing a monthly income during retirement is a simple a time-proven method to sleep at night.
Asset Allocation Modern portfolio theory demonstrates that there is a relationship between risk and return and when non-correlating assets are added to a portfolio, a higher portfolio risk-adjusted return is attained. Research has proven that the long-term performance of any portfolio is derived primarily from asset allocation rather than specific security selection or market timing. Therefore, we concentrate efforts on the total portfolio composition and how assets are allocated. Your objectives and risk tolerance determine the appropriate mix of asset classes. The asset classes include:
US large, mid-size and small companies’ stocks
Foreign market large, mid-size and small companies’ stocks
US bonds, including US Treasuries, US agencies, municipal bonds, corporate bonds
Foreign market bonds
Real estate
Natural resources
Money Market equivalents
Beck Investment
Management LLC
530 Lytton Ave Ste 305
Palo Alto, CA 94301
ph: 650 328 7900
fax: 650 644 2546
lb
