Asset Rotation - The Demise of Modern Portfolio Theory and the Birth of an Investment Renaissance

An innovative approach to investing that will preserve capital and enable long-term growth§The investment world as we know it is changing. What has worked in the past may not continue to work in the future. No longer may bonds be viewed as a long term hold and safe haven asset class, as prevailing yields in higher credits now fall woefully short of our base inflation rates. This poses a serious risk for investors aiming to preserve the purchasing power of their capital. Concurrently, the equity markets may present even greater risks, as investors in the United States historically have lost 40 percent in their investable assets during the average recession. So where is an investor supposed to place their hard earned savings for preservation of capital and long-term growth? This book skillfully answers that question.§Presents a time-tested approach to investing that has proven to be successful throughout the history of capital markets§Outlines the benefits of asset rotation, rather than asset allocation§Illustrates a simple price momentum based approach to investing and explain the steps of the said systematic approach§Traditional approaches to asset allocation have done little to shield investors from experiencing significant losses in recent years. With our current economic climate (one in which fixed income investors may in real terms actually lose money in their "safe" investments), the conventions inherent in modern portfolio theory must be questioned and this book will prove why other approaches are both safer and more lucrative for retail and professional investors.