Synopsis
Smart Portfolios is about building and maintaining smart investment portfolios. At its heart are the three key questions every investor needs to answer:
1. What to invest in.
2. How much to invest.
3. When to make changes to a portfolio.
Author Robert Carver addresses these three areas by providing a single integrated approach to portfolio management. He shows how to follow a step-by-step process to build a multi-asset investment portfolio, and how to rebalance the portfolio efficiently. He covers both investment in collective funds like ETFs, and also direct investment in individual equities.
Important features include:
- Why forecasting future returns is so difficult, and how to account for uncertainty when making investment decisions.
- How to accurately calculate the true costs of an investment, including costs that you may not even be aware of.
- How to select the best ETF for each asset class.
- How to compare the costs and other features of different ETFs.
- How to select individual shares.
- Calculating the number of shares needed for adequate diversification.
- How to use systematic forecasting algorithms to adjust portfolio allocations.
- How to cut trading costs through smart rebalancing strategies and execution tactics.
Robert Carver also explains how to blend assets with different levels of risk, and how to construct portfolios that suit the level of risk that the investor can cope with.
Smart Portfolios is detailed, comprehensive, and full of practical methods, rules of thumb and techniques, all fully explained with examples. It is intended for professional investors worldwide, including financial advisors, private bankers, wealth managers and institutional funds; as well as experienced private investors.
Details
18 September 2017
9780857195319About the author
Robert Carver is an independent investor, trader and writer. He spent over a decade working in the City of London before retiring from the industry in 2013. Robert initially traded exotic derivative products for Barclays Investment Bank and then worked as a portfolio manager for AHL – one of the world's largest hedge funds – before, during and after the global financial meltdown of 2008. He was responsible for the creation of AHL's fundamental global macro strategy, and then managed the fund's multi-billion dollar fixed income portfolio.
Robert has Bachelors and Masters degrees in Economics, and is a visiting lecturer at Queen Mary, University of London. He manages his own portfolio of equities, funds and futures using the methods you can find in his books.
Reviews
Two years after the excellent Systematic Trading, Rob has done it again. Smart Portfolios offer a unique insight into how a finance professional approaches portfolio construction and investment. This books clears up many misconceptions about investing and offers rational methods and tools for taking care of your hard earned money.Andreas Clenow, CIO Acies Asset Management, Zurich
Smart Portfolios introduces plenty of concepts that anyone should follow in thinking about how to structure their investment dollars… Smart Portfolios makes for a valuable read, because it always brings you back to the practical macro-level questions (what to invest in, how much to invest, what changes to make) instead of going so far down the rabbit hole that you forget why various formulas or charts are relevant. Carver’s pedigree and current status make him the right kind of author for this type of book.Adam Justko, Proud Money
Books by Robert Carver
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