100 Level

Sellwood Bridge Movement Begins

Residents of Portland are interested in the move of the old Sellwood Bridge, one of many bridges that span the Willamette River.  Here is the link to what is going on. http://www.sellwoodbridge.org/?p=construction-camera The old bridge will be moved on to new pilings and will then be used while the new bridge is under construction for the next two years.  The old bridge will eventually … [Read More...]

Third Quarter Reminders

Today ends the third quarter for 2010. TLH spreadsheet users should have the VTSMX and VFINX distributions entered. Make sure to include all the monthly dividends when the broker statements are available or go into your account and see what the dividends are for this month. … [Read More...]

300 Level

Core ETFs Optimized for Maximum Return

To answer my own question of what ETFs are critical to most portfolios, I put together what I call the "Essential Twelve."  The plan is to cover the U.S. Equities, Emerging and Developed International Markets.  REITs, commodities, bond, and treasury instruments are included in the following analysis. The following information is not available for publication elsewhere on the Internet. … [Read More...]

International ETFs: Are There Any Potential Buys?

Two days ago I ran an analysis on domestic ETFs to see if there were any buying opportunities.  The following is a similar Quantext Portfolio Planner (QPP) analysis of international ETFs.  As readers will see in the "Delta Factor" projection table, there are a few buying opportunities. … [Read More...]

200 Level

Benjamin Graham and Index Funds

Benjamin Graham is considered by many to be the father of value investing.  For more information on one of his last conversations, go to this site. Interviewer:  Can the average manager of institutional funds obtain better results than the Dow Jones Industrial Average or the Standard & Poor's Index over the years? Graham:  No. In effect, that would mean that the stock … [Read More...]

Asset Allocation: How Important?

  Exactly how important is the portfolio policy on portfolio return and how is it measured? Research papers from the late 1980s through the early 2000s tell us it is very important. That is, anywhere from 90% to 100% of the return of the portfolio is tied to portfolio policy.  Let me quickly insert that several studies are frequently misinterpreted.  While the papers focus on … [Read More...]

400 Level

Post-Modern Portfolio Theory

Serious investors interested in digging deeper into the issue of portfolio risk management will find the article titled, Post-Modern Portfolio Theory of great interest. This link is bound to produce different references over time so here is a clue to finding the article. Google the term, “Post-Modern Portfolio Theory” and then look for the PDF article by the same name. The article is … [Read More...]

Risk Management of Portfolio

Will your portfolio survive a three sigma event that is likely to happen over the next ten years?  Check out this link to see a sample analysis. … [Read More...]