100 Level

How Does ITA Wealth Management Differ From Other Investment Blogs?

Photograph:  One of many sail boats returning to the Amsterdam harbor after a day of racing. How is ITA Wealth Management unique?  What are the attractions and special features of ITA Wealth Management?  Why should anyone consider taking out a Platinum membership?  Listed below are a few reasons for following this blog. Working portfolios are tracked at ITA Wealth … [Read More...]

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...]

300 Level

TEVA: A Stock Worth Further Examination

This past weekend I was running my dividend stock screening program to see which companies passed the screen.  Then I recalled that I once had a "valuation" screen that looked for companies that were priced under numerous valuation parameters as laid out in the Stock Investor Professional, AAII's stock screening program.  Here are the valuation parameters I used for my screen, in addition to the … [Read More...]

Stryker (SYK): Is It Priced To Buy?

When I think about an individual stock, at least two questions quickly come to mind.  1) What is the quality of the company?  2) Is it priced to buy?  Stryker (SYK) is a company I owned back in the late 1990s and early 2000s.  I've always considered it a high quality company.  It certainly has outperformed the S&P 500 over the past 25 years.  I hope this Yahoo! link will show the comparison.  … [Read More...]

200 Level

Retirement Mistake #4: Overestimating Portfolio Return

Historically, the U.S. Stock Market has returned about 7% annually in excess of inflation.  Is this likely to continue?  Real earnings come from dividends, dividend growth, and P/E expansion.  Projecting future returns to match the historical level, which included one of the longest bull markets from August of 1982 through March of 2000 is not likely to be duplicated in the near future.  Further, … [Read More...]

Maxwell Portfolio Review: 9 July 2012

The Maxwell Portfolio Review time is here again.  Developed international markets (VEU), emerging markets (VWO), and commodities (DBC) are still priced below their 195-Day Exponential Moving Averages so those asset classes will remain under target.  I made an error of purchasing shares of small-cap blend (VB) when I meant to buy shares of mid-cap blend (VO).  That is the reason … [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...]

Market Conditions: A Summary for Early June

As the market continues to slide there seems no place to hide.  PCY was up slightly this morning, but even GLD was negative when I last checked.  Here are links to use to check for both broad market conditions and your individual holdings.  Let's first start with a few broad market direction finders. 1) Bullish Percent Indicator 2) High Low Indicator 3) Stocks above 50-Day … [Read More...]