100 Level

The Simple Six Swensen Portfolio

Amid all the discussion of various technical indicators resides a simple six-asset portfolio advocated by David Swensen.  The six asset classes are: U.S. Equities, Developed International Markets, Emerging Markets, REITs, Treasury Bonds, and Treasury Inflation-Protected Securities.  That's it.  Six ETFs will provide global coverage. The following slide shows the Quantext … [Read More...]

Beginners Portfolio

Looking for a basic portfolio?  Check out this link as a possible starting point. Research and personal experience show portfolio construction is the key to successful investing.  Portfolio construction contains two basic elements.  1) What asset classes to include as the building blocks for the portfolio?  For most portfolios, we include between 10 and 16 "bricks" … [Read More...]

300 Level

Bohr Portfolio Review: 18 July 2011

Shown in the first slide is the Bohr Portfolio Dashboard from the TLH Spreadsheet.  Overall, this portfolio is in good shape with respect to its Strategic Asset Allocation plan.  Once we are past the debt limit crisis, I plan to gradually build up the International REITs asset class.  Otherwise, this portfolio is well positioned in the various asset classes.  If new cash is … [Read More...]

Kenilworth Portfolio Update: 24 October 2012

The one change I made since posting the following screen shots was to sell shares of DBC, the commodities holding.  The current price of DBC is below its 195-Day EMA and since this is one of the ITA Risk Reduction (ITARR) model portfolios, a sell was necessary.  I held 25 shares of DBC and I sold 20 shares.  The remaining 5 shares were left in the portfolio so I will have an ongoing calculation … [Read More...]

200 Level

Constructing Your First Portfolio

Faced with the task of building a portfolio from scratch, what are the first steps?  Assume one saved a bit of money, read a few of the Top Ten Investment Books, and is convinced of the wisdom of index investing. Read the following questions and answer them as best you can.  Don't be fearful of making a mistake or feel these decisions cannot be reversed.  Not only can you change them, I … [Read More...]

Portfolio Performance: 22 January 2011

  While is was not a great week for portfolio returns, most of the updated portfolios showed gains in both the Sortino and Retirement Ratios.  Of the seven portfolios available to Platinum readers, five have positive SR and RR values, not a trivial accomplishment.  The Kenilworth is a very young portfolio so a few dollars difference away from the benchmark causes major swings in … [Read More...]

400 Level

Maxwell Portfolio Update: 5 July 2012

Examining the Maxwell asset allocation below, we note that developed international and emerging markets are still priced below their respective 195-Day Exponential Moving Averages (EMAs).  We are also below target in commodities as we are waiting on a price rebound.  Exposure to growth stocks is accomplished by holding shares in the blend column. … [Read More...]

Modified Ivy Portfolio Risk Reduction Model Working

One year ago, motivated by the writings of Faber and Richardson in their book, The Ivy Portfolio, I set up one portfolio with the expressed purpose of employing a risk reduction model similar to that outlined in the book. About the same time I expanded the experiment to include four other portfolios I was tracking for relatives and friends. How is the experiment working? Before delving into the … [Read More...]