Bohr Portfolio Review: 20 January 2026

Florida

Before delving into the Bohr review, let me remind readers to register as a Guest (free) if you wish to see all blog posts such as this one.  After registering as a Guest wait for me to upgrade you to the Platinum level.

Now into the Bohr update.  If you have been following this portfolio you will find major changes in the asset allocations.  The changes are designed to make the portfolio “recession proof” realizing this new asset allocation will only reduce volatility.

Bohr Asset Allocation Holdings

Below is the new asset allocation model.  While the Bohr is still not in balance, we should get there in a few months as dividends will be used to bring asset classes below target up to target or within +/- 1.0% of target.  That is the goal over the next few months.

Bohr Rebalancing Recommendations

Limit orders are in place to purchase more shares of specific asset classes.  Those orders are shown in the 6th column from the right.

Shares of VGIT will not be sold.  This worksheet needs to be updated.  In the next review I will concentrate on ETFs that are more than 1.0% below target.  To bring all asset classes within target will most likely require some infusion of new cash.  The owner of this portfolio added cash this last month and the hope is this will continue as the Bohr is in the rebuilding phase.

Bohr Performance Data

The Bohr is another portfolio that suffered performance when cash was withdrawn during the current bull market.  As readers can see from the following data, the Bohr lagged all potential benchmarks since 12/31/2021.

BTW, the data for VT is in error as those numbers should be positive.

Bohr Risk Ratios

Over the past year the risk ratio values have changed very little.  We see some improvement in the Jensen Alpha since last summer and that is the most encouraging bit of information to come out of the risk ratio table.

If the current bull market continues, don’t expect this portfolio to gain on the benchmark.  With a beta of 0.333 this portfolio is designed to perform better than the AOR benchmark if and when the broad stock market declines.  Today’s draw-down is an example where the Bohr should do well.

Kepler Portfolio Update: 19 December 2025