Greek philosopher Heraclitus apparently said that ‘change is the only constant in life’. Having just completed our first annual review of our model portfolios, we’re conforming to his dictum, revising our asset allocations, adding some investments and tweaking a few things. Let’s take a look by asset class.
Table 1 shows the portfolios as they stand at 11 July. Because we want to incorporate it into our decision-making, all have been adjusted to account for the large fund distributions we’re entitled to but haven’t yet received.