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Wow! What a month. After 3 years of a steady grind higher, there is finally some significant volatility in the market. Several of the portfolios had a drawdown of about 6% during the month, along with the major indices. If this is a surprise or it seems excessive, it’s not. Historically, the portfolios have exhibited drawdowns up to 20%. With such big swings, the portfolio risk management rules kicked in, and now, the allocations are mainly cash. Now comes the interesting part – to see if these signals are head fakes or the start of something significant. Here are the tactical asset allocation updates for September 2015. All portfolio updates are online as part of Paul’s GTAA 13 Portfolio New sheet. First, for the basic portfolios – the GTAA5 and the Permanent Portfolio. GTAA5 is now all cash. For the timing version of the Permanent Portfolio, there were no changes this month. The TAA version of the Permanent Portfolio is also now all cash. (click to enlarge) Now for the more aggressive GTAA AGG3 and AGG6 portfolios. (click to enlarge) Big changes this month. AGG3 is 33% invested in VGIT, the rest in cash. AGG6 is 16.7% invested in VGIT, the rest in cash. This from basically a 100% equity allocation last month. Risk management is fully engaged. The performance of the portfolios so far this year is in the table below. The numbers are for each month. The figures are estimates taken from a variety of sources. I don’t do detailed performance tracking until the end of the year. (click to enlarge) If you’re a fan of the Antonacci dual momentum GEM and GBM portfolios, the GEM portfolio also experienced a significant change and is now invested in bonds, (NYSEARCA: BND ) or (NYSEARCA: AGG ), and the bond momentum option (DMFI) of the GBM portfolio is invested in VMBS. No changes from last month. I’ve also made my Antonacci tracking sheet shareable so you can see the portfolio details for yourself. That’s it for this month. These portfolios signals are valid for the whole month of September. As always, post any questions you have in the comments. Share this article with a colleague Scalper1 News
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