Doug Ramsey All Asset No Authority (AANA) Lazy Portfolio
0.30%April 16 | MyPlanIQ portfolio symbol P_77991

  • Portfolio Overview
  • Asset Allocation and ETFs
  • Performance
  • Calculators
  • Rolling Returns
  • Drawdowns

Portfolio Overview


Doug Ramsey's "All Asset No Authority" (AANA) lazy portfolio is a unique and straightforward approach to diversified investing. Here's a brief look at Ramsey's background, the origin of the portfolio's name, the rationale behind its structure, and an outline of its asset allocations.

1. Doug Ramsey's Background

Doug Ramsey is the Chief Investment Officer at Leuthold Group, known for his rigorous research and data-driven investment insights. Doug Ramsey regularly revisits his "All Asset No Authority" (AANA) portfolio as part of Leuthold Group's annual asset allocation review. 

2. Why "No Authority"?

The portfolio's name, "All Asset No Authority," humorously reflects its hands-off, no-expert-required approach. The term "No Authority" suggests that the portfolio is designed to be simple and accessible, requiring no specialized knowledge to manage. Its equal allocation across the seven assets reinforces this by ensuring that no single asset class is given more emphasis than others, maintaining a balanced and straightforward structure. Ramsey designed it with simplicity in mind, making it accessible for individual investors who prefer an evenly distributed asset allocation strategy without actively managed oversight.

3. Rationale for 7 Equal-Weight Assets

The portfolio includes seven asset classes, each weighted equally to cover a broad range of economic scenarios. By using this balanced approach, the portfolio aims to benefit from diverse returns across asset types without relying heavily on any single one. This diversification helps reduce volatility and potentially smooth returns over time.

4. Asset Allocations

The portfolio comprises the following seven assets, each allocated with equal weight (about 14.3%) in the portfolio:

Asset ClassAllocation (Approx. 14.3% each)
U.S. Large-Cap Stocks14.3%
U.S. Small-Cap Stocks14.3%
U.S. Real Estate (REITs)14.3%
International Developed Stocks14.3%
Emerging Markets Stocks14.3%
U.S. Long-Term Treasury Bonds14.3%
U.S. TIPS (Treasury Inflation-Protected Securities)14.3%

This equal-weighted approach ensures a well-rounded exposure to growth, stability, economic weakness, deflation, and inflation-resistant assets, making it a reliable, low-maintenance option for long-term investors.

Buy and Hold (Annually Rebalance)
USLargeCap VTSAX 14.3%
USSmallCap NAESX 14.3%
IntlDevlopedMarket VGTSX 14.3%
USREITs VGSIX 14.3%
LongTermTreasury VUSTX 14.3%
Commodities DBC 14.2%
Gold GLD 14.3%

Simulated from 02/03/2006

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Asset Allocation


Symbol Category/Sector Target Weight
VTSAX
VANGUARD TOTAL STOCK MARKET INDEX FUND ADMIRAL SHARES 		US Equity 14.3%
NAESX
VANGUARD SMALL-CAP INDEX FUND INVESTOR SHARES 		US Equity 14.3%
VGTSX
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND INVESTOR SHARES 		International Equity 14.3%
VGSIX
VANGUARD REIT INDEX FUND INVESTOR SHARES 		Real Estate 14.3%
VUSTX
VANGUARD LONG-TERM TREASURY FUND INVESTOR SHARES 		Fixed Income 14.3%
DBC
Invesco DB Commodity Index Tracking Fund 		Commodities 14.2%
GLD
SPDR Gold Shares 		Commodities 14.3%


Historical Performance


The return data shown below all have the same latest date: 04/16/2025.
AR inception is since 02/03/2006.
Name YTD Return 1Yr AR 3Yr AR 5Yr AR 10Yr AR 15Yr AR 20Yr AR Inception
Doug Ramsey All Asset No Authority (AANA) Lazy Portfolio 0.05% 7.89% 2.10% 9.16% 5.91% 6.76% NA 6.62%
VFINX (VANGUARD 500 INDEX FUND INVESTOR SHARES) -9.99% 5.71% 7.80% 15.21% 11.50% 12.41% 9.94% 9.84%
VSMGX (VANGUARD LIFESTRATEGY MODERATE GROWTH FUND INVESTOR SHARES) -2.46% 6.56% 4.41% 7.52% 5.36% 6.37% 5.86% 5.60%

Doug Ramsey All Asset No Authority (AANA) Lazy Portfolio Return Calculator

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Calculators


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Rolling Returns


From 02/03/2006 to 04/16/2025, the worst annualized return of 3-year rolling returns for Doug Ramsey All Asset No Authority (AANA) Lazy Portfolio is -5.57%.

From 02/03/2006 to 04/16/2025, the worst annualized return of 5-year rolling returns for Doug Ramsey All Asset No Authority (AANA) Lazy Portfolio is 2.09%.

From 02/03/2006 to 04/16/2025, the worst annualized return of 10-year rolling returns for Doug Ramsey All Asset No Authority (AANA) Lazy Portfolio is 4.65%.


Maximum Drawdown

Doug Ramsey All Asset No Authority (AANA) Lazy Portfolio Maximum Drawdown