Is a new bromance brewing?

Tom Cruise bonded with Travis Kelce at Taylor Swift’s London Eras Tour after the actor skipped his daughter Suri Cruise’s high school graduation.

According to videos shared online, the Kansas City Chiefs star, 34, put his hands on the “Mission Impossible” actor’s shoulders as they laughed.

And smiled at each other during the pop star’s performance of “Blank Space” Saturday night inside Wembley Stadium.

In another clip, Tom, 61, danced along to Swift’s “Shake It Off” while standing in a VIP section with several other stars.

Including “Barbie” director Greta Gerwig, Mila Kunis, Ashton Kutcher and Hugh Grant.

Prior to the show starting, the “Top Gun: Maverick” actor, who rocked dark wash jeans, a white T-shirt and a black jacket, was seen trading friendship bracelets with fans.

Though Tom seemed to be having the time of his life in the capital of England, he missed a major moment in his estranged daughter Suri’s life.

On Friday, the 18-year-old, whom Tom shares with ex-wife Katie Holmes, graduated from LaGuardia High School in New York City.

Suri looked thrilled as she posed with the “Dawson’s Creek” alum, 45, for photos before heading into the United Palace Theatre in Manhattan.

The mother-daughter duo smiled and hugged as they celebrated Suri’s big milestone.

The teen, who has been estranged from Tom for years, even dropped her dad’s famous last name, instead using “Suri Noelle” in the graduation pamphlet.

Suri will be attending Carnegie Mellon University in Pittsburgh in the fall.

A source exclusively told Page Six in April that the action movie star has not seen Suri since 2012. (They were last seen together at Disney World that summer.)

“Katie has safeguarded Suri and she’s a devoted mom,” an insider told us. “This is a girl who is a private citizen. She hasn’t lived her life in public.”

Holmes, who filed for divorce from Tom when Suri was only 6 years old in June 2012, revealed in November 2013 court docs that she left the “Jerry Maguire” star “to protect Suri from Scientology,” a religion that is often referred to as a cult.

“Suri is not a Scientologist and never will be … she deserves love and sympathy,” former Scientology spokesperson Mike Rinder told Page Six.

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Source: New York Post

Asset Allocation: An Overview

Asset allocation is a crucial strategy in investment management that involves dividing an investment portfolio among different asset categories, such as stocks, bonds, real estate, and cash. The goal is to balance risk and reward by adjusting the proportion of each asset class based on the investor’s risk tolerance, time horizon, and financial goals.

Importance of Asset Allocation

Diversification: Spreading investments across various asset classes reduces the risk of a significant loss. If one asset class performs poorly, others may perform well, balancing the overall returns.

Risk Management: Different asset classes have different levels of risk and return. By allocating assets appropriately, investors can manage the overall risk of their portfolio.

Optimization of Returns: Proper asset allocation aims to maximize returns for a given level of risk.

Key Asset Classes

Stocks (Equities):

Represent ownership in a company.

Potential for high returns but come with higher risk.

Suitable for long-term growth.

Bonds (Fixed Income):

Loans made to a corporation or government in exchange for periodic interest payments and the return of principal at maturity.

Generally lower risk than stocks, providing more stable returns.

Suitable for income generation and preservation of capital.

Real Estate:

Physical property or investments in Real Estate Investment Trusts (REITs).

Provides potential for income through rent and appreciation in value.

Offers diversification benefits due to its lower correlation with stocks and bonds.

Cash and Cash Equivalents:

Includes money market funds, Treasury bills, and other short-term investments.

Lowest risk but also the lowest returns.

Provides liquidity and stability.

Factors Influencing Asset Allocation

Risk Tolerance:

The degree of variability in investment returns an investor is willing to withstand.

Higher risk tolerance generally leads to a higher allocation in stocks.

Time Horizon:

The expected period an investor plans to hold an investment.

Longer time horizons can justify higher allocations to stocks due to their potential for higher long-term returns.

Investment Goals:

Specific financial objectives, such as retirement, buying a house, or funding education.

Goals influence the required return and acceptable risk level.

Market Conditions:

Economic and market trends can impact asset performance.

Tactical adjustments may be made based on current conditions, though the core allocation usually remains aligned with long-term goals.

Strategies for Asset Allocation

Strategic Asset Allocation:

Establishing and adhering to a base asset mix that aligns with the investor’s long-term goals and risk tolerance.

Periodic rebalancing to maintain the target allocation.

Tactical Asset Allocation:

Short-term adjustments to the asset mix based on market conditions or economic outlook.

Aims to capitalize on favorable conditions while managing risk.

Dynamic Asset Allocation:

Continuously adjusting the asset mix in response to changing market conditions.

More flexible but requires active management and frequent monitoring.

Core-Satellite Allocation:

Combining a core portfolio that follows a strategic allocation with smaller, actively managed 

satellite investments.

Allows for potential higher returns from satellite investments while maintaining a stable core.

Rebalancing

Rebalancing involves adjusting the portfolio to return to the target asset allocation. This can be done periodically (e.g., annually) or when asset classes deviate significantly from their target weights. Rebalancing helps maintain the desired risk level and can involve buying or selling assets to restore the original allocation.

Conclusion

Asset allocation is a fundamental aspect of building and managing an investment portfolio. By diversifying investments across different asset classes, investors can manage risk, optimize returns, and align their portfolios with their financial goals. Whether following a strategic or more active approach, understanding and applying asset allocation principles is key to long-term investment success.