Relationships Built on Information,
Education, Options, Advice & Service

 Cell: 408-646-0750, Office: 408-946-3652

  Request my monthly newsletter

My Approach






Investment philosophies are based upon a view of human emotional reactions and how people learn (or fail to learn).  My view is simple.  Folks tend to react emotionally.  They sell when markets are dipping precipitously.  They buy as markets rise.  These actions are typically too late.   They harm long term results.


A study done in the mid-1980's and early 1990's by Gary Brinson, Randolph Hood and Gilbert Beebower called “Determinants of Portfolio Performance”[1], suggested that most pension fund returns over a decade were due to their asset allocation decisions. Strategy:        create Multiple Diversified Asset Allocations.  Build Allocations based on Risk Tolerance and Time of future need for the funds.  Near term needs suggest more conservative, lower volatility choices.  Longer term needs suggest different, less conservative Allocations.




My approach:      create multiple Baskets of funds.  Identify time driven Risk Tolerances for each Basket.  Some focused on near term needs, others  focused on longer term Time Horizons.  Other important considerations include Lifestyle, Liquidity, Longevity and Legacy.




[1] Determinants of portfolio performance

Brinson, Gary P; Hood, L Randolph; Beebower, Gilbert L

Financial Analysts Journal; Jan/Feb 1995; 51, 1; ABI/INFORM Global

pg. 133

Securities and advisory services offered through Cetera Advisor Networks LLC (doing insurance business in CA as CFAN Insuarnce Agency), member FINRA/SIPC. Cetera is under separate ownership from any other named entity.

121 Sudbury Court, Suite 101, Milpitas, California 95035 United States

This site is published for residents of the United States only. Financial Advisors of Cetera Advisor Networks may only conduct business with residents of the states and/or jurisdictions in which they are properly registered. Not all of the products and services referenced on this site may be available in every state and through every advisor listed. For additional information please contact the advisor(s) listed on the site, visit the Cetera Advisor Networks site at  

Online Privacy Policy | Privacy Promise | Business Continuity | Important Disclosures | Order Routing

Copyright © 2013 Randolph Kundmueller. All rights reserved






Website Design For Financial Services Professionals | Copyright 2018 All rights reserved