100 Level

QPP Challenge

For readers using the QPP software, here is a challenge.  Come up with a portfolio that meets the following standards. Include between 8 and 20 ETFs. The projected return will exceed the projections of the S&P 500 by one percentage point.  As an example, I set my S&P assumption to be 7.0% so the projected return will come in above 8.0% The projected risk or uncertainty is … [Read More...]

The Active vs. Passive Management Debate

Will there ever be a definitive answer to the active vs. passive management debate?  Likely not and here are possible reasons why we will never have a complete answer to which method is superior.  At the very core of the argument is lack of data, at least as it pertains to one level of the argument.  The active vs. passive argument is carried on at two levels.  One level is … [Read More...]

300 Level

Einstein Portfolio Review: 3 October 2011

My calendar schedule has the Einstein portfolio up for review.  This update is appropriate as a limit order was struck for BWX was struck this morning.  BWX is an international bond ETF.  While international bonds are not new to this portfolio, the addition of BWX is new.  As readers can see from the following Dashboard, we are still under target for international bonds.  … [Read More...]

Modified Momentum Investment Strategy

Instead of writing out a detailed explanation of how one might modify the Feynman Model (as presented in Part 5), I prepared a YouTube "Camtasia" to illustrate how one might use the Hoadley-HedgeHunter spreadsheet to manage a momentum oriented portfolio. … [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...]

Asset Allocation Performance Data

Portfolio Performance Below is the performance data table for the portfolios tracked here at ITA Wealth Management. If the percentages seem exaggerated, note the launch time as young portfolios will show unusual results. Over time the higher percentages will begin to migrate toward values of the VTSMX benchmark. Readers should pay attention to the Sortino Ratio (SR) and Retirement Ratio (RR) as … [Read More...]

400 Level

Equity ETFs And The “Delta Factor”

Are there any areas of the equity market that look positive for the next six to twelve months?  Even with a relatively strong market this summer, there are pockets of opportunity and they are indicated in the following table. … [Read More...]

When Was The Last Time The Bullish Percent Indicators Turned Bullish?

"Do you have enough data yet to have a sense of how far in advance or behind these changes are for market down turns or up turns. Clearly they are trailing data but maybe they can help us avoid major declines?" Bob Warasila asked the above question this morning so I went back into my Bullish Percent Indicators spreadsheet for the answer.  The last time the BPI was oversold for most of the major … [Read More...]