100 Level

Investment Check List

On a regular basis, it is prudent to go through an investment checklist to see if all the bases are covered.  Here is a review of such a list. Early in January I encouraged investors to set out on a new path of investing. Let’s run through a checklist to see how well you are doing. Investment Checklist 1. Portfolio Policy: Have you written up a portfolio plan or put it into a … [Read More...]

Quotes from Charles Ellis

"It's not how good you are that counts, but how good you are compared with your competitors." "The really impressive characteristic of investment returns is that the variation in year-to-year rates of return on common stocks dwarfs the average annual rate of return on stocks." "Investment policy is the foundation upon which portfolios should be constructed and … [Read More...]

300 Level

Gauss Portfolio Review: 12 November 2012

Readers interested in a detailed analysis of the Gauss Portfolio will find it at this link.  The following is an update and a discussion of how I am using the ITA Risk Reduction model with Gauss.  The first thing I did this morning was to check the price of each ETF.  So as to maintain the percentage performance of the ITA Index benchmark, I hold a few shares of each asset class.  When I ran the … [Read More...]

Madison Portfolio Update: 24 October 2012

Nearly all asset classes are in balance and the ETFs are still priced above their 195-Day Exponential Moving Averages, so this portfolio will not need attention for another month.  The commodity, DBC, dropped below the 195-Day EMA, but I do not hold that commodity in this portfolio. … [Read More...]

200 Level

What ETFs To Use For Different Asset Classes

A question came up regarding what ETFs do we use for the different asset classes.  Below is a listing of the different asset classes and the primary, but not only, ETFs we use to populate the asset classes. … [Read More...]

Different Styles of Investing*

Let me pose a problem or situation to ITA Wealth Management readers.  We have two intelligent investors who approach investing from entirely different philosophies. For simplicity we will call them Investor A and Investor B.  Investor A is an active manager and readers have already know what active management entails.  Investor B is a passive manager and you know a bit about passive … [Read More...]

400 Level

Harry Browne’s Permanent Portfolio

Risk-Parity Look at Permanent Portfolio Much is written about Harry Browne's Permanent Portfolio, particularly since it held up well during the "Black Swan" markets of the early 21st century.  Below is a look at the equal allocation plan as advocated by Browne, and a Risk-Parity examination of the same four asset classes.  Both the equal allocation and Risk-Parity … [Read More...]

Top Ranking ETFs For Week of April 26, 2013

Using three-month, six-month, and volatility data, the following table ranks the top 40 ETFs we use to populate most portfolios.  Many of these ETFs are commission free securities for TDAmeritrade clients.  Pay attention to both the ranking and momentum percentage. The following material is not available for publication elsewhere on the Internet. … [Read More...]