Coward’s Portfolio

The Coward’s Portfolio — also known as the Smart Money Portfolio — is recommended by William Bernstein for investors looking to expand on simpler alternatives like his No-Brainer Portfolio and compete with institutional strategies but with drastically lower fees.

 

cowards-portfolio

Asset Allocation

Stocks

Bonds

Real Assets

 

Notes

1) Countries other than the United States are modeled with local regional data instead of pure domestic data for these assets.  CAN uses USA funds, while GER & UK use EUR funds.

2) The data is based on USA REITs, but a broad global REIT fund is also a reasonably close alternative if no US fund is available.