100 Level

Bullish Percent Indicators Take Hit

As projected for a number of weeks, the market finally took a breather and retraced this past week.  The evidence is clear when one examines the index and sector tables. Index BPIs:  We find every index below the 70% line or what we think of as an overbought condition.  While we are not rooting for the market to decline, we are well aware that it cannot maintain those lofty heights for an … [Read More...]

Risk Defined

Portfolio Risk Risk is a messy word as it carries so many different meanings in the investing world.  In the most general sense, it means we don't know what is going to happen.  Here are several specific meanings of the term.  We will begin by defining "systematic" and "specific" risk. 1.  "Systematic" risk is risk we cannot avoid if we seek returns higher than the interest rates from a money … [Read More...]

300 Level

Quantext Portfolio Analysis Of The Swensen Six Portfolio

Quantext Portfolio Planner is a software program I use as an aid in portfolio construction and analysis.  In earlier blog posts I performed a QPP analysis on both the Faber Ivy Five and Faber Ivy Ten Portfolios. The following QPP analysis covers only the basic "Swensen Six" portfolio.  In another article I showed how to give a dividend boost to the Swensen Six.  Looking … [Read More...]

“Creme List” Stock Additions For Special Index Oriented Portfolios

"Creme List" stocks have a history that goes back ten years or long before this blog was launched on February 14, 2008.  The original screen for "Creme List" stocks was a ranking system comprised of 20 to 25 metrics.  Many of the stocks were familiar names to investors.  I closed down that system when one or more data sources changed their format making it … [Read More...]

200 Level

My Twenty ETFs

Selecting 20 core ETFs is not all that difficult until one is down to the last five to seven tickers. While I could come up with my favorite 20 ETFs, that would be too simple.  Instead, my twenty will come from several major asset classes as outlined below. U.S. Equities Bonds International markets Real Estate Commodities ETFs from U.S. Equities in this search will include the "Big … [Read More...]

ITA Wealth Management Portfolios Update

Exactly one month passed since I last posted the portfolio performance data table.  All portfolios showed an increase in absolute value.  The gain or loss compared to the two critical benchmarks is mixed.  Portfolios that gained with respect to the ITA Index were the following:  Bohr, Madison, and Gauss.  There was no change in the Curie, Newton, Einstein, and Kenilworth portfolios.  The … [Read More...]

400 Level

Bond “Delta Factor” Projections

As requested, here are the "Delta Factor" projections for bond ETFs.  Keep in mind that VCSH, VCIT, VMBS and VGLT have short records (less than 5-yrs) so can be neglected.  If you have other bond ETFs to consider, send them along and I can add them to this list. … [Read More...]

ETFs As Market Predictors

While our focus is on the long-term rather than market timing, it still makes sense to pay attention to market action.  This article is one I thought readers would find interesting.  In addition to following RSP and IYT, I recommend Platinum members also track VTI, Vanguard's total U.S. equities market and VT, Vanguard's Total World equities market. … [Read More...]