I'm usually ideally ~ 3 to 1 on equities to bonds in my taxable accounts, with some commodities and cash and usually a bit of paper real estate. I've been more like 20 to 1 stocks to bonds in recent times with rates being so low and the constant banter of how rates have to go up one way or another eventually. But any time I can sqeeze out a little more alpha without a huge amount of risk and further diversify, I see it as a positive overall.
In addition to the aggressive allocation fund I spend most of my time actively managing & that is pretty much anything goes (long / short, growth / value, options, high-yield bonds, commodities, cash, real estate, offense / defense, shortterm / longterm, etc) I also run a pretty conservative income fund consisting mainly of investment grade corporates and munis, and a pretty moderately conservative fund specializing mainly in equity dividend income and value, and perhaps some higher yielding investment grade corps and munis. I haven't touched treasuries in years.
Most client money is in the latter 2 funds, and all of my money (other than retirement SEP / IRAs) is in the aggressive fund.
I was up big through Q3, but I've come pretty close to flattening out in the last couple of months. In addition to liberal use of put options, I do dollar cost average with my own money, which helps some when things get crazy.
My retirement accounts (mainly better-managed mutual funds managed by others) did quite well in ’13, when I had far too much $ in cash, commodities, and shorts in my taxable accounts / aggressive fund.
you probably top ticked your sales in the energy names, cudos!
we dont do a lot of bond trading but run a low duration fixed income portfolio with a portion allocated to an inflation linked fund. we also run a liquid alts portfolio to help give us fixed income like returns with low correlation.
I heard alot about those puerto rico bonds a while back but we never really considered mainly b/c of the default risk but I did hear there were good deals to be had.
Getbig should have a financial services board!