Choosing an investment strategy
How to combine investment strategies without overlooking shared holdings
Choosing several strategies does not automatically create several independent exposures. Two strategies can hold the same companies, and different funds can own similar businesses. Start with the combined positions and the source of each weight before deciding what the mixture means.
Published by Allocation Agents · Moore Tech, LLC. We operate the subscription described in this guide.
Translate strategy weights into combined positions
In an equal-share mix of two strategies, each strategy contributes half of its target weight in a security. If one holds a stock at 20% and the other at 10%, that stock contributes 15% to the mix: half of 20% plus half of 10%. This is an illustrative calculation, not a suggested allocation.
If only one of the two holds that stock at 20%, the combined contribution is 10%. The missing holding in the other strategy is a zero contribution; it is not a reason to redistribute that strategy's share. Cash also contributes to the complete allocation.
Check more than duplicate ticker symbols
Combining identical tickers prevents double-counting positions, but it does not reveal every shared risk. Different stocks may depend on the same spending cycle; a stock and an ETF may overlap economically even though their symbols differ.
Portfolio Builder's Understand your mix section shows the combined positions, available stock-sector classifications, the largest included securities, and shared tickers with their source strategies. It does not look through funds or estimate correlations. Treat unclassified securities and fund exposures as information still to review.
Separate original targets from your adjustments
Allocation Agents begins with an equal-share calculation of the strategies you select. You can adjust or exclude existing securities; cash is the remainder. The builder does not silently rescale an overallocated draft into a valid portfolio.
Review the original source targets beside any custom weights. Once you adjust the mix, its weights are your choices. The component strategies' simulated returns do not become a performance record for your custom portfolio, and the calculation does not assess personal suitability.
Review changes without losing the saved context
New source decisions can change the equal-share targets. The builder checks for eligible updates, but saved targets are not silently replaced. Review the before-and-after weights, new holdings, exits, and cash impact before saving an updated draft.
A full source exit can remove a custom override when no selected strategy retains that holding. Other custom weights may remain. That is why reviewing only the changed tickers is insufficient: inspect the complete proposed allocation and the dates behind it.
Following and portfolio inclusion are separate actions. Following controls strategy preferences and alerts; choosing a source determines the calculation. Public building uses eligible delayed data, while All Access provides current source targets. Allocation Agents does not place orders in your account.