100 Level

Easy Portfolio: Starting From Scratch

If you have nothing, how do you begin saving for a retirement portfolio. 1. Pull the change out of your pocket every evening and stick it in a jar. 2. Carry your lunch to work and save the difference. 3. Use the library instead of purchasing books. 4. Drink tap water instead of bottled water. 5. Stop smoking as you are burning up your retirement. … [Read More...]

Is It Wise To Pay An Advisor For Access To DFA Funds?

Save the Fees Save the fees and manage your own money using low cost ETFs.  You are going to be dollars ahead and here is the evidence.  Let me describe the process I went though to come to this conclusion - and I am not finished with the analysis.  This data is not going to win me friends among DFA advisors. I logged on to one of the premier web sites on the Internet to find … [Read More...]

300 Level

Portfolio Management and ITA Index

Yesterday I mentioned in a comment and posted in the center footer that the distributions for the VTSMX and VFINX index funds are available.  If you are using the TLH Spreadsheet and received a warning signal behind the two radio buttons on the primary (frequently called Mosaic) worksheet, you need to update the distribution page.  I don't think I have a Camtasia audio/video clip of … [Read More...]

Einstein Portfolio Review: August 13, 2011

Although the Einstein Portfolio is not scheduled for a review, shares of VEU were added to the portfolio this week.  This purchase brings the developed international markets asset class closer to the target range of 15.0%.  In the first screen shot we see the Strategic Asset Allocation plan presented in tabular form.  I've not made the decision to eliminate mid- and small-cap … [Read More...]

200 Level

Is It Fair To Compare Performance Results Of Different Portfolios?

Is it fair to compare performance results of different portfolios?  ITA Platinum members have see a number of comparisons on this blog and I plan to publish more results.  However, there are inherent problems when it comes to portfolio performance comparisons.  Let me list a few as it is important to keep in mind these problems. 1) When selecting a sample portfolio from a web site … [Read More...]

Portfolio Performance: Week of July 29

Portfolio Performance Data Table Below is the portfolio performance data table for this past week.  While every portfolio lost ground on an absolute scale, nearly all gained on the two benchmarks.  Losses were expected in light of the market action this week.  Of the eight portfolio available to Platinum members, only the Einstein did not gain ground on the ITA Index … [Read More...]

400 Level

Tactical Asset Allocation

Trackers of the ITA Risk Reduction model will want to review the various ETFs we are using in a number of the experimental portfolios.  Examine the VEU graph below.  The current price is 5% to 6% below the 195-Day Exponential Moving Average (EMA).  In addition, the RSI is showing VEU is very close to the 30% buying opportunity.  If one waits until the price of the ETF moves … [Read More...]

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...]