100 Level

Delta Factor Shouts – The Market Is Over Valued!

Based on the most recent Delta Factor data, the current market is over-valued, and that is putting it mildly.  I don't think I've seen this many "red" projections since the market hit its 2007 highs.  What I did was take both equity and bond ETFs that are commission free for TDAmeritrade clients and use percentages not all that far removed from the recommendations that come out of the … [Read More...]

Motley Fools, Passive & Active Investing

Photograph:  Mt. Bachelor in Central Oregon If you need more evidence to support passive rather than active investing, here is another article on what is happening over on the Motley Fools web site.  In the 1990s, I was a regular reader of material on the Fools site. At the time is was the most popular investment web site to visit.  I devoured their popular book, "The Motley … [Read More...]

300 Level

My Portfolio Is Performing Great. Really? How Do You Know?

One comment I frequently hear when folks talk about investments is the following. "My portfolio is performing great." This statement conjures up questions I rarely ask as it tends to put the investor on the spot. Here are a few question that run through my mind. Performing great with respect to what? When was the portfolio launched? Is the portfolio return calculated by an acceptable … [Read More...]

$100,000 Starter Portfolio

For prospective investors just beginning a portfolio, here is a sample based on the Momentum-Optimization Model (MOM).  MOM is discussed elsewhere on this blog.  Just search to full title or MOM to find this material. We first begin with a ranking of all the securities we might consider for our holdings.  This includes approximately 30 ETFs.  Most are commission free to clients of … [Read More...]

200 Level

Active vs. Passive Investing: Part 6

Section Six of the Active vs. Passive Investing paper includes a number of salient points.  The author begins his argument with this position. "The academic research seems to avoid addressing this issue head on.  There are always very good reasons to disregard their conclusions due to methodology.  One really objectionable practice is to pretend to be measuring … [Read More...]

Portfolio Performance – 15 April 2011

Below is the portfolio performance data table for the 20 portfolios track on the ITA Wealth Management blog.  Several portfolios are tracked using the commercial program Captool.  Captool is no longer supported as the company only caters to professional investors.  Ten portfolios are tracked using the TLH spreadsheet and this Excel™ oriented program provides information not … [Read More...]

400 Level

Asset Allocation or Risk Parity

A Platinum member sent the following summary of an article and asked me to comment.  Note that my response is framed in the context of constructing portfolios through the use of a strategic asset allocation plan.  The Dashboard of the Curie Portfolio, posted this morning, is an example.  The second part is tied to future performance forecasts using software, Quantext Portfolio Planner (QPP).  Here … [Read More...]

ETF Rankings as of 24 July 2013

VCR moved IWN out of first place due to market movements yesterday.  While I do not hold full positions in DBC in any portfolios, I am paying attention to this commodity as it is showing strong momentum. … [Read More...]