Risk & Volatility
Correlation and why it fails when needed
Assets that move independently in calm conditions frequently move together during stress, which is when it matters.
Topic
diversification
Every Finance Spyder article tagged diversification — 5 pieces across 2 sections.
Asset Allocation
Gold, commodities and alternatives
They produce no cash flow, their diversification benefit is inconsistent, and the case for holding them is narrower than the marketing.
Risk & Volatility
Concentration risk and employer shares
Holding a large position in the company that also pays your salary is one of the most common and least examined risks.
Asset Allocation
How much to hold in your own country
Home bias is universal, has some justifications, and is generally larger than any of them support.
Asset Allocation
What bonds do in a portfolio
They are frequently misunderstood as safe, and their behaviour depends on duration, credit quality and the reason for holding them.