Anticipate interest rate to creep up soon (0.25% in 6 months)
What change should a portfolio composition?

Net-wisdom: bond and gold will be hurted.

my view:

1. Interest rate raise is to curb inflation: good news overall (SP500) should still raise.
2. FED will be careful not to kill the fragile growing economics: the momentum will continue but slower. 
3. FED will be transparent and hint to the public: prices reflect the expectation already.

• The index fund/ETF should grow => 60%
• Harder to pick alpha Stock and sector fund. => use my trend following algorithm 20%
• bond and gold position is to protect unexpected shocks, not the reasonable and expected interest rate increase. check the right proportion. (case too) => 10%  each gold/bond/cash

Quant: check best fund/etf to invest, check beta for gold and bond, check fee structure on bond/gold

CFA

For the past two months, focusing on learning R and taking care of my quantum work. now I need to put more effort on my coming CFA II test (in June)

Also to practice the knowledge learned, lets work on a simple (believed) strategy: assume (need proof) two months autocorrelation in mutual fund performance. to verify that using the R.

1. collect 10 year weekly fund price for all fidelity mutual funds
      save to csv/database for multiple uses
2. Normalize to DOW or SP500
3. auto correlation.


8/25/2014 Past level II now on level III
Hard to get 4 years of relevant experience. thinking to have John Moore, Ken, Jeffrey Yeoh as the referee.