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...]

MEDA Trust Update

This is a thank you to all Platinum members for your continued support of ITA Wealth Management.  If you did not already know, 100% of your membership fees go toward funding new businesses in developing countries.  As of this morning 251 businesses are fully or partially funded with your help. This morning I made three full loans and one partial loan.  The partial loan went to a … [Read More...]

300 Level

Bohr Portfolio Update: 30 January 2012

Today I added shares of VWO and RWX as emerging markets and international REITs were both under target.  Even though the Bohr Portfolio is not part of the ITA Risk Reduction experiment, there is an incentive to fill up asset classes where the current price of the the ETF is above its 195-Day Exponential Moving Average (EMA). … [Read More...]

Balancing Risk Over A Ten ETF Portfolio

In response to a Platinum member, the following QPP analysis is set up in a manner to equalize risk across the different ETFs rather than set up a capitalization asset allocation.  Note that I am using a 56-month time frame as I wanted to span the last bear market while avoiding any short-record issues with ETFs that have not been in existence for five years. To come up with the percentages … [Read More...]

200 Level

12-ETF Portfolio: Another Look

A Basic Portfolio Simplicity, when it comes to design, is an admirable feature and the 12-ETF Portfolio embodies this characteristic.  In addition, the projected numbers are quite respectable as readers can see from the following QPP analysis.  When designing or constructing a portfolio specific goals are set, although it is more difficult to attain those goals when the market is priced … [Read More...]

Portfolio Performance: 29 October 2011

This has been a great week for the ITA Wealth Management portfolios.  Not only did we see absolute gains for all portfolios, but there were many relative gains when measured against the VTSMX and ITA Index benchmarks.  Not every portfolio showed relative gains, but in general the Sortino and Retirement ratios increased in value.  Inflation held the same since last week.  While … [Read More...]

400 Level

Optimizing QPP Analysis Asset Allocation Models

Some years ago I tested a Mean-Variance Optimization (MVO) software program that was designed for William Bernstein.  Manual data entry and knowing if it was accurate proved to be a problem.  Much to my surprise, I recently received an e-mail from the developers of Quantext Portfolio Planner (QPP), pointing me to an article that an Excel™ guru developed an optimization spreadsheet that links to … [Read More...]

Retirement Target Return Revisited

Retirement Target Return Investors always have a goal for their portfolio, whether stated directly or indirectly.  For some it may be as simple as to not lose money.  For others it is to outperform a benchmark.  Exactly what is the Retirement Target Return (RTR) and how does it fit in with portfolio risk management?  RTR is one of the factors found in the Retirement Ratio (RR) … [Read More...]