Portfolio Management

Key Objectives

• Achieve streams of cash flow
• Manage risk

Strategy

• Core portfolio + Opportunistic portfolio

Core portfolio should be as steady as possible, with the Opportunistic portfolio taking on higher risks to try for higher returns

• Core portfolio will have to cater to the following 4 situations, with the investment vehicles best suited for particular situation, and still able to satisfy the 2 objectives.

	Raising Growth	Falling Growth
Raising Inflation	Property (cash flow thru rental yield)	Inflation-linked bonds (cash flow thru coupon payment)
Falling Inflation	Equities (cash flow thru dividends)	Nominal bonds (cash flow thru coupon payment)

• Opportunistic portfolio can comprise of emerging market indices, small cap equities, etc