100 Level

HDR Photography

In answer to Bob's question, I'll explain a little more about what I am learning with respect to HDR photography.  HDR is an acronym for High Dynamic Range photography.  The included image is an HDR composite from three photographs taken by my friend who lives on the Oregon Coast.  The three photographs were taken from his house this week.  The deep blue in the upper … [Read More...]

Active vs. Passive Decision

Active vs. Passive Management If the decision to handle your own investments is the answer to question #1 in this series, then going Passive is a no-brainer. The evidence for the passive approach to investing is so overwhelming anyone but Warren Buffett taking the active route needs to study statistics. Goldie and Murray write, "The Efficient Market Hypothesis asserts that no investor will … [Read More...]

300 Level

TLH Spreadsheet Overview

Special notice for Platinum users: An updated overview of the TLH Spreadsheet is now available.  It takes about 13 minutes.  Platinum membership is available for $5.00 per month. … [Read More...]

Einstein Portfolio Review: 19 September 2011

Several portfolios are scheduled for review this week and the Einstein is first on the list.  Platinum members who follow ITA regularly know that I review the portfolios approximately every four to five weeks.  The first thing I do is look at the Dashboard, a worksheet housed within the all important TLH Spreadsheet.  The Dashboard lays out the asset classes and the percentage … [Read More...]

200 Level

Portfolio Performance – 1 October 2010

TDAmeritrade came out with the September statements this afternoon so I was able to update many of the portfolios in greater detail that expected. In nearly every case, we made progress either by gaining on the benchmarks or reducing portfolio risk. Only in the case of the Schrodinger Portfolio, where we switched to the ITA Index benchmark for our SR and RR calculations, did we see significant … [Read More...]

Bright Light To Shine On Fees Charged Against Retirement Plans

The first phase (annual expenses) of revealing the fees accessed against 401(k) retirement plans will go into effect by the end of this month.  If you think the financial community is not clipping a significant percentage off your potential earnings, think again.  According to an AARP study released last year, 71% of retirement plan participants think they pay no fees to participate in a … [Read More...]

400 Level

Multi-Asset Class Investing

Multi-asset class investing or multiple asset classes is a title that comes right out of Richard A. Ferri’s excellent book, “All About Asset Allocation.” While my reference is to Ferri's first edition, I would pay the few extra dollars and purchase the second edition.  Nudged by a fellow asset allocation investor, I went back and reread Chapter 4 of Ferri’s book. … [Read More...]

Risk Reduction Comments

Next week, February 6th, the Maxwell portfolio is up for ITA Risk Reduction examination.  When I checked this morning, before the market opened, all the ETFs used in the Maxwell were priced above their respective 195-Day EMAs.  That well could change by next week.  For example, the commodity, DBC, was only nine cents above its 195-Day EMA.  This raises an interesting … [Read More...]