Assets & instruments
How to use, screen, and read each asset class under Principles & framework. Methodology only—no maintained “pick list.”
Structure
| Doc | Contents |
|---|---|
| Equities | Stock workflow, filings, valuation, screens |
| Funds & bonds | Index/active funds, bond funds, cash |
Allocation sketch (personal default)
| Asset | Role | Typical share within L2 growth sleeve |
|---|---|---|
| Broad index | Market beta; default outside circle | 40%–60% |
| Quality singles | Alpha inside circle | 20%–40% |
| Bonds / cash | Volatility buffer; L0/L1 | Moves with total equity dial |
| Sector ETF | Express sector view; sector cap applies | 0%–15% |
Numbers are thinking aids—Discipline & sizing wins.
Accounts and habits
- One main account for long-term; optional sandbox for L3—avoid mental-account mess.
- Track all-in cost: commissions, fund fees, taxes if any.
- ETF vs feeder fund: pick liquid, low fee, low tracking error.
Reading order
- Mostly indexing → start with Funds & bonds
- Stock research → Equities plus Sector research