Investment allocation
Original research on diversification, market crashes, downside protection and how long-term investors split their money. 5 articles.
What is diversification, really? 36 years of asset class correlations
What is diversification? Owning return engines that do not fall together. Correlations between stocks, bonds, gold and crypto in euros, 1989-2026.
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Stock market crashes: how each asset class performed in 2000, 2008, 2020 and 2022
How asset classes perform in a stock market crash: drawdowns, recovery times and real safe havens of 15 asset classes in euros in 2000, 2008, 2020 and 2022.
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Asset allocation: how sovereign wealth funds invest for the long term
How sovereign wealth funds invest (NZ Super Fund, Norway, Future Fund, FRR): asset allocation, rebalancing, returns and lessons for individual investors.
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How to protect your portfolio from a crash: what the data shows about put options
How to protect a portfolio from a crash: put options, gold, bonds or stop-loss? A 2008-2025 backtest on real option quotes, with the costs and the limits.
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What is a good savings rate? How to calculate yours and read it
What is a good savings rate? How to calculate savings rate from net income, why one month misleads, and how your figure compares with Europe's household rates.
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