100 Level

Active, Index, Passive or Mosaic Investing

Investing Styles Are you an Active, Index, Passive or Mosaic investor? Answer this question and one focuses at the heart of investing. Rather than answer this question with one blog post, I will strive to define and explain the different styles over a series of entries spanning into next week. While I've written on the subject of investing styles before, I'm sure there are new … [Read More...]

Six Asset Class Portfolio

Adding REITs to the three essential asset classes plus treasury (TLT) did not improve the projected Return/Uncertainty ratio as expected.  However, we are not about to eliminate REITs as an asset class.  There were periods over the last eleven years when REITs provided a buffer to a very volatile market. What happens if we reduce the percentage allocated to REITs and add a commodities … [Read More...]

300 Level

“Swensen Six” Series Coming

Be sure to link to http://itawealth.com this coming week to read the three-part series on the "Swensen Six" portfolio.  To get you started on what the "Swensen Six" is all about, check out these three … [Read More...]

Mosaic Portfolio Lookback – 02 January 2008

Mosaic Portfolio Lookback What were the signals at the beginning of the year - 2008?  If one examines the QPP analysis below, times looked great. Projected return was 10.45% or about 3.5% points above that projected for the S&P 500.  Yes, the projected risk or uncertainty is a tad over 15%, but the Return/Uncertainty ratio is a very high 0.70.  This is almost unheard of, at … [Read More...]

200 Level

Portfolio Performance Update: 9 June 2012

Nearly all eleven portfolios gave up the gains of last week as both international markets (developed and emerging) "popped" a few days this week.  As might be expected, the Schrodinger maintained its stable performance as the asset classes are in balance and we are not using any type of Tactical Asset Allocation with this portfolio.  As a reminder, the Schrodinger is our best … [Read More...]

Portfolio Performance Results: 14 October 2011

Large-cap stocks continue to lead the market so portfolios diversified into the international markets lagged the VTSMX.  This is the trend over the last few weeks.  While many of the portfolios tracked by the TLH Spreadsheet gained a little ground on the Retirement Ratio, most lost out to the VTSMX benchmark.  Those readers who have been following basic ETFs using StockCharts can … [Read More...]

400 Level

Bullish Percent Indicators Mixed

With the strong market yesterday (7/27/2012) I expected most of the Bullish Percent Indicators (BPI) would move up in value and definitely show X's in the right-hand column of the Point and Figure Graphs.  Of all the BPI graphs, the NYSE PnF graph is the most important.  Even though the value dropped, it is still as high as it was back in mid-May. Right now I have the Factor Scale … [Read More...]

The Delta Factor and International Markets

Recently I was looking at Price-195-Day EMA graphs for a number of international countries and I came upon one for Italy, a country in distress.  While I normally view this graph over a one-year period to gain additional clarity, I changed the scale to three years as that is the time frame I used for the QPP and Delta Factor analysis.  I noticed that EWI hit a peak around May of 2012.  As a … [Read More...]