Flag inside Fort of San Diego.
Bethe is the second portfolio to be reviewed today. Like the Millikan, the Bethe is holding a significant percentage in cash as the current equities market is overvalued or overbought. At this point I am in a waiting game to see what might trigger a market correction or worse.
Bethe Asset Allocation Holdings
The holdings within the Bethe are fewer than the ETFs that make up the Millikan. Otherwise the asset allocations show a number of similarities.
Bethe Rebalancing Recommendations
Limit orders are in place to add shares to nearly every asset class in the Bethe. No action will be needed for months as many limit orders are set well below the current prices.
Bethe Performance Data
Since 12/31/2021 the Bethe lags all benchmarks. If the market continues to rise the 53% held in cash will be a further drag on performance.
Bethe Risk Ratios
Other than the Information Ratio, every risk measurement is greater than it was a year ago. The slope of the Jensen Performance Index is essentially flat and will likely remain so until all the limit orders are struck. That could take months.
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