저자: RayDalio · 외국인
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레이 달리오의 투자 이력과 2023년 초 기준 브리지워터 주요 보유 종목을 소개하는 영상으로, 특정 자산의 향후 가격 방향에 대한 명시적 예측은 거의 없다. 달리오의 생애 요약: 중산층 출신으로 12세에 캐디 일을 하며 투자를 시작했고, 1975년 브리지워터를 설립해 원자재 컨설팅으로 출발했다. 1981년 시장 폭락을 공개적으로 예측했으나 1980년대 강세장으로 틀렸고, 직원 대부분을 해고하고 아버지에게 4천 달러를 빌릴 만큼 큰 실패를 겪었다. 이 경험이 위험과 보상의 관계에 대한 이해로 이어졌다고 설명한다. 운용 방식: 달리오는 정량적 방법으로 신규 투자처를 찾고, 자산 배분이 아닌 위험 배분 기준으로 상관관계가 낮은 수익을 내는 포트폴리오를 구성한다고 소개된다. 2022년 성과: 순수 알파 2 펀드는 2022년 약세장에서도 12월 초까지 6% 수익을 기록했다고 언급된다. 주요 보유 종목(2022년 4분기 기준 설명): iShares Core S&P500(IVV) 약 4.3% 비중으로 시장 회복 기대를 시사하며, P&G는 약 500만 주로 약 7억 5,700만 달러, iShares MSCI 신흥국(IEMG)은 약 1,450만 주로 약 6억 8,000만 달러, 존슨앤드존슨은 약 6억 3,000만 달러, 펩시코 약 302만 주 5억 4,560만 달러, 뱅가드 FTSE 신흥국(VWO) 약 1,380만 주 5억 3,900만 달러, 코카콜라 약 840만 주 5억 3,500만 달러, SPY 약 137만 주 5억 2,550만 달러, 월마트 약 340만 주 4억 8,200만 달러가 소개된다. 중국 익스포저는 약 28%로 줄였고, 2022년에 BABA·JD·바이두·넷이즈 지분을 매도했다고 한다. 출연자 전망: 해설자는 S&P500이 2023년에 회복할 가능성을 시사하고, 중국 방역 완화가 신흥국 투자의 보상으로 가치 있다고 보나, 이는 명시적 가격 목표가 없는 서술적 해석이다. 리스크: 중국·대만 비중이 높은 VWO는 위험이 크다고 언급되며, P&G는 최근 약세여서 매수 기회일 수 있다는 단순 서술이 있다. 개별 종목에 대한 구체적 기간·목표가는 제시되지 않았다.
다듬은 글
to invest with Ray dalio's hedge fund you need to have over 200 000 in annual income and over one million dollars in investable assets and with some firms over 10. Ray dalio and the pure Alpha 2 hedge fund all performed in a weak marketing environment in 2022 posting an impressive six percent gain through early December while the rest of the market was still in free fall raid allele's net worth is 19.1 billion dollars he is the 32nd richest man in America with his retirement from Bridgewater Associates he will be paid out billions more so just how this Queen's New York native born to middle class jazz musician father and Homemaker mother C student retire with such immense wealth let's dive in and learn how Ray dalio evolves into the world's largest and well-known hedge fund manager and learn his Secrets Raymond Thomas dalio grew up just like many others who were born into the middle class of America in the 1950s working odd jobs as a child like mowing lawns shoveling snow and delivering newspapers at the age of 12 he got a job at the local golf course caddying there he caught the Wall Street bug off the golf course chatter unfamiliar with businesses and stock prices he went for a company that he knew something about that was under five dollars North East Airlines it was then he experienced his first taste of investment success his then 300 of savings which he invested tripled to nine hundred dollars this started off his investing journey by the time he was in high school he had already amassed a sizable Investment Portfolio but it was until 1975 dalio started Bridgewater associate which was a commodity consultancy firm in his two-bedroom apartment that really began his journey in the real world of Finance this time though he wasn't 12.
he had just graduated with his MBA and got married to his wife Barbara at his company Bridgewater Ray believed that the cause and effect relationship could predict every element in business when it came to commodity trading Rey's favorite thing to trade this type of relationship allowed dalio and Bridgewater to predict the time and quantity of goods coming to Market in a way that other analysts would miss this Superior level of analysis LED Rey to some early success a knack for trading and an MBE from Harvard were definitely coming in handy for this young entrepreneur with a solid track record starting from just 12 years old nothing could stop this Wall Street 30 year old Family Man things were looking up for dalio and in 1981 there was some severe volatility in the stock Market using his Superior level of data analytics dalio had predicted that there would be a market crash in 1982.
she stated publicly with confidence that the stock market would crash and that his apartment startup Bridgewater and himself would be Physicians for such an event in the very near future taking massive bets by shorting the market instead though stocks entered a massive long-term bull market in the 1980s proving dalio dead wrong publicly humiliated and privately destroyed Ray dalio had to lay off all but one of his employees himself to this day he is still shocked and embarrassed at how arrogant and totally confident he was in a totally incorrect View how could someone with a family Let One Bad Bet erase all of his good ones with his wife and four Sons relying on him for financial support he had to Humble himself and ask his father to borrow four thousand dollars just to pay his bills dalio even wrestled with the idea of putting on a suit and tie and commuting to work for someone else giving up the American dream of owning his own business and hanging up his entrepreneur hat lessons like this have taught Rey to truly understand the relationship between risk and reward investors in his funds are not just people looking to make money but also looking to protect their money this prompted him to research write and share the principles for Success which document the trials and tribulations of his life nowadays dalio uses a quantitative investment method to identify new Investments while avoiding unrealistic historical models that sometimes give false hope to other investment managers dalio's goal is to structure portfolios with uncorrelated investment returns based on risk allocations rather than asset allocations private investors can rarely invest in dalio's Holdings so let's take a peek at what this top tier seasoned investor keeps in his pure Alpha 2 fund coming in on top is ishares core S P 500 ETF ticker symbol ivv this is good news for the Bulls out there Ray is putting a majority or about 4.3 percent of his portfolio into the index in other words he thinks the market is likely to come back in 2023 his next big holding is Procter and Gamble ticker symbol PG this is their biggest investment in one company so far though in 2023 Procter and Gamble's talk has not done as well as others it has actually gone down by almost nine percent since the beginning of the year when the stock market is uncertain people usually like to invest in a company to sell things people will always need like Procter Gamble does in the last three months of 2022 Procter Gamble's Revenue went down a little and they made less money Bridgewater owns almost 5 million shares of Procter and Gamble stock which is worth more than 757 million dollars and with the stock down this much now might be a great time to pick up some Procter Gamble shares if you think that buying a company that sells things people will always need is a good idea next on our list of Bridgewater's portfolio is the ishares core msci Emerging Markets ETF ticker symbol iemg in 2022 Bridgewater decided that the risks of directly investing in some Chinese companies were too high so they sold their investments in Alibaba group Holdings jd.com Billy Billy and netease and instead they're investing in the iemg fund which has companies from a lot of different countries including China but with China they only have about 28 exposure in the last three months of 2022 Bridgewater did sell some of their shares in the iemg fund but they still own more than 14.5 million shares worth about 679.6 million dollars next on our list is Johnson and Johnson ticker simple jnj Ray dalio first started buying Johnson and Johnson at the initial U.S kova 19 outbreak in the first quarter of 2020 with the company's plan to spin off its consumer business into another company could be bullish news for Jonathan and Johnson Bridge water did sell about 1.14 million shares of their position in 2022 but still hold on to about 630 million dollars worth of this blue chip Global pharmaceutical giant next on our list we have PepsiCo Inc ticker symbol p-e-p like other defensive stocks that people buy when fear is high PepsiCo shares have lagged the S P 500 so far in 2023 with year-to-date losses nalio has owned pepsicle share since the first quarter of 2020 but he reduced his shares by about 24 in the fourth quarter Bridgewater still holds about 3.02 million shares of pepsicle stock worth more than 545.6 million dollars next on our list and another way that Rey plays China is Vanguard ftse emerging markets ETF ticker symbol vwo this fund has a larger Holdings in areas such as China Taiwan and Brazil compared to the other Emerging Market found on the list VW wall is very risky due to the Chinese and Taiwanese stock that make up nearly 44 of the funds Holdings but as Ray learned risk comes with reward and he feels that the reward from the lifting of China's covid-19 restrictions in 2023 are worth the risk Bridgewater sold about six percent of its vwo fund shares in the 4th quarter of 2022 but the firm's two holds 13.8 million shares worth roughly 539 million dollars next on our list is Coca-Cola ticker symbol K O with dalio's risk averse style he rarely puts all his eggs in one basket in addition to his large steak in PepsiCo he also owns their competitor Coca-Cola Coca-Cola has also been a top long-term holding a fellow billionaire and Berkshire Hathaway CEO Warren Buffett putting dalio in Good Company Bridgewater holds roughly 8.4 million shares of Coca-Cola stock worth more than 535 million dollars next on our list we have the Spyder S P 500 ETF ticker symbol s p y now the Spy version of the S P 500 fund is very similar to the first fun we talked about ivv except it's issued by State Street the fund has a low 0.09 experience ratio and plenty of liquidity likely the only reason dalio owns both spy and ivv is to diversify his exposure to the s p 500.
here's the differences between the top Holdings of the two different funds dalio reduces spy state by six percent in the fourth quarter selling about 89 000 shares Bridgewater now owns a 1.37 million shares of the svy fund worth about 525.5 million dollars and last on our list is Walmart ticker symbol WMT Walmart may have had their struggles with inventory management and supply chain last year but their business and stock have performed relatively well in 2022.
Walmart is dalio's largest bet on a discount retailer but like with Pepsi and Coke he also holds stakes in competitors Target and Costco Bridgewater now owns about 3.4 million shares of Walmart stock worth more than 482 million dollars even though Ray dalio stepped down from Bridgewater he's still very active with him and with the investment Community if you want to learn more about Ray dahli and all of his contributions be sure to subscribe as we'll be diving into more inspirational stories from famous investors like Rey soon on the channel let's hope we can learn from his seemingly endless body of knowledge and stay inspired
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