Here's an article which would seem to suggest that American Asset Management does not strictly adhere to the standard HBPP philosophy of holding 4x25% at all times.
During this period of political transition, cash has become king for some investors. Among them is Julian Rubinstein, founder and president of Boca Raton, Fla.-based American Asset Management, which manages approximately $200 million in assets for about 500 clients.
On November 30, the firm raised its cash allocation to 70 percent, from 40 percent at the end of October, by eliminating its 30 percent allocation to gold. It retained its 30 percent allocation to equities. American Asset Management rebalances portfolios monthly and invests only in U.S. markets. Back in June, when Brexit hit, Rubinstein had a 50 percent allocation to Treasurys and a 50 percent allocation to gold.
His clients are typically in their 70s, with $700,000 to $800,000 in liquid net worth. He doesn’t think bonds make sense for them since interest rates are near zero percent and likely to rise. And given their age, they may not have time to recoup potential stock market volatility, he says.
Since the election, “the financial world thinks America is in great shape,” he says, and assumes all of Trump’s policies have been successful. Although he’s an optimist, he says, “The market in my opinion isn’t acting rationally.”
Rubinstein, who invests alongside his clients, says his asset allocations are based on numbers such as moving averages and the relative strength of asset classes—not his emotions. And he says he’s ready to invest that cash when a good opportunity arises.
https://www.fa-mag.com/news/should-cash ... 30263.html
American Asset Management Inc.
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