I've been in the biz since 1998 & have just been confronted w/ an uncomfortable truth:
I don't know my arse from a hole in the ground when it comes to picking, measuring, managing and reallocating portfolios.
Yeah, I use Principia, and I've been talking upside/downside w/ clients since 2002 but that's not the it.
For instance, have you noticed w/ American Funds that it doesn't matter which 5 funds you pick you pretty well get to the same place? And isn't that all rear view mirror during a period when value stocks have really rocked?
The reason I ask the question is I've recently started doing a lot of wrap biz & it's not just about Franklin, American, and Hartford... It's about how do you create not only a strategic allocation, but manage that thru and ahead of the curve. For certain clients it makes sense to self-manage.
The question: What is your specific methodology to manage portfolios & what do you do to stay ahead?