Vergennes, VT Financial Advisors

Fiduciary Financial Advisors • (802) 777-9768

206 Main Street Suite 20
Vergennes, VT 05491

Fiduciary Financial Advisors • (802) 777-9768

206 Main Street Suite 20
Vergennes, VT 05491

Portfolio Contruction & Strategy

Establish Target Risk Profile. This involves setting long-term targets for overall equity and fixed income exposures. The primary drivers of this decision include: risk tolerance, liability profile, and annual income or cash flow needs, among other factors.

Asset Allocation. Within each broad equity and fixed income category, target asset allocations are established. If there is a benchmark in place, targets are generally stated relative to that benchmark. Asset allocation targets are reviewed on an ongoing basis and may be shifted as market opportunities evolve.

Security Selection. For each target allocation, we begin with the full universe of available exchange-traded funds and screen out funds that are either too expensive or too small to fit our criteria.

Portfolio Monitoring. Once established, portfolio exposures are monitored on both an absolute and benchmark-relative basis to ensure that guideline compliance is maintained and that allocations remain within target ranges.

Investing Philosophy

Costs. Controlling costs is paramount. Lower costs have a material long-term impact on performance.

Passive Approach to Security Selection. Based on extensive research, we do not believe active security selection will consistently beat a simple indexing approach after fees.

Diversification and Liquidity. The ETFs we utilize provide access to hundreds of different stocks across a variety of industries, company types, and geographies. We utilize funds that have asset scale and a high level of average daily trading volume to help ensure liquidity during times of volatility and market stress.

Risk Management

At One Day In July, our goal is to identify, monitor, and manage the risks in our clients' portfolios. Calibrating and understanding the drivers of potential downside risk is a critical element of this process. Diversification and liquidity are also significant factors in controlling risk.

We utilize our fixed-income allocation to dampen volatility and provide an element of stability in down equity markets. Therefore, we generally emphasize fixed-income risk that is negatively correlated with the stock market and avoid the most credit-sensitive areas.

We believe having a long-term focus and well-defined risk parameters can help prevent behavioral errors, including excessive market timing.

How Are We Different
Understanding Your Financial Statement
Articles on Investing
Investing with Low Cost Index Funds
Pay Yourself First
Why Use a Fiduciary Financial Advisor?
Financial Planning
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Financial Firm Comparison
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Saving Strategies
What to do When Receiving a Pension
Investment Tax Strategy: Tax Loss Harvesting
Vermont Investment Management
How to Invest an Inheritance
Investment Tax Strategy: Tax Lot Optimization
Vermont Retirement Planning
How to Make the Best 401k Selections
Investing for Retirement: 401k and More
Vermont Wealth Management
How to Rollover a 401k to an IRA
Investing in Bennington, VT
Vermont Financial Advisors
Investing in Albany, NY
Investing in Saratoga Springs, NY
Should I Try to Time the Stock Market?
Mutual Funds vs. ETFs
The Cycle of Investor Emotion
Countering Arguments Against Index Funds
Annuities - Why We Don't Sell Them
Aim for Average
How Financial Firms Bill
Low Investment Fees
Understanding Fixed Income: Interest Rate Risk
Investing in a Bear Market
Investing in Gold
Is Your Investment Advisor Worth One Percent?
Active vs. Passive Investment Management
Investment Risk vs. Investment Return
Who Supports Index Funds?
Articles by Dan Cunningham
Does Stock Picking Work?
The Growth and Importance of Female Investors
Behavioral Economics
The Forward P/E Ratio

Vergennes, VT Financial Advisor

206 Main Street Suite 20

Vergennes, VT 05491

(802) 777-9768

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