I’ve given it a first go at creating a portfolio that is risk-diversified using Risk Parity (what Ray Dalio’s All Weather portfolio uses) using the top 10 trending stocks (using a simple momentum strategy) as my universe.
(Rough) allocation seems to be:
Disclaimer: use at your own risk, not investment advice, performed purely for testing purposes
It’d be awesome to be able to perform such allocation automatically with Freetrade, or have an API to get data (this uses Yahoo) and contribute such algorithms.
In any case, this is just to show that one can create a risk-diversified portfolio that shouldn’t move too much with recessions, and pay no fees to set it up with Freetrade! I’m very excited.