100 Level

The Case of Equity Correlations

Readers following the various portfolios may have reservations about eliminating particular asset classes, particularly mid- and small-cap blend as represented by VO and VB.  Why sell off these asset classes?  The reason is the high correlation between the asset classes as you can see from the following screenshot.  The first nine ETFs cover the "Big Nine" U.S. Equity asset classes, and they are … [Read More...]

How Would You Balance the Federal Budget?

If Congress were to ask you how to balance the federal budget, what suggestions would you pass on? Place your suggestions in the comment section below.   Photograph: Longboat Key - Sarasota, FL … [Read More...]

300 Level

“Creme List” for 22 July 2011

Photograph: Demolishing a house down the street Twenty-one stocks made the elite list this week.  COH, CSCO, and HPQ were dropped as they did not score over the past thirteen weeks.  One new company moved on to the "Creme List" at number 13, quite a jump.  Only one stock is priced to buy and that stock is identified with the * symbol to the right of the ranking … [Read More...]

Portfolio Review – Franklin

Franklin Portfolio Reviewed In contrast to the recent review of the Kepler Portfolio, where the asset allocation plan is in balance, the screen shot below shows a portfolio that is heavily oriented toward large cap asset classes.  To be fair, the Franklin is a very young portfolio and it came with a pre-existing asset allocation condition.  We worked on the Kepler portfolio for several … [Read More...]

200 Level

How Important Is Asset Allocation?

My favorite investment writer is William J. Bernstein, author of several investment books and the editor of the Efficient Frontier.  This morning I was scanning the data files of ITA Wealth Management and found where one reader clicked on one of the older articles from Bernstein's Efficient Frontier. [Be sure to read the section, 'Let George Do It.']  I myself have written about the Brinson et. … [Read More...]

Portfolio Performance Data Table For Eleven Portfolios: 22 June 2012

After missing last week, here is the latest portfolio performance data for the eleven portfolios tracked at ITA Wealth Management.  Seven of the eleven gained ground on the VTSMX over the past two weeks and the other four held even.  Those that pulled ahead of the benchmark were: Curie, Newton, Einstein, Kepler, Bohr, Kenilworth, and Gauss.  Since I made some asset allocation … [Read More...]

400 Level

QPP Analysis of “Top 17 Stocks”

Selecting the recommended stocks from the 40 securities listed in a prior blog, here is the Quantext Portfolio Planner (QPP) analysis of those 17 stocks.  Included is the Correlation Matrix graph and for good measure, I threw in the "Delta Factor" projections.  Since there were fewer stocks than in the original analysis I was able to show all the correlations. QPP Analysis:  As in the prior QPP … [Read More...]

Bullish Percent Indicators: 3 November 2012

A few more changes developed this past week in both index and sector Bullish Percent Indicators.  In some cases the market strengthened while in others it weakened.  As you look over the tables, ask yourself if you see any particular trends. … [Read More...]