100 Level

Investment Book: Short Yet Essential

The Investment Answer Daniel C. Goldie and Gordon S. Murray have written a concise investment book of 80 pages that covers all the basic. What is unusual is that in this little book, Murray advocates a different (passive) investing style than the one he used to build his 25-year career. Here are a few references touting this book. Daily Finance PR Newswire Business … [Read More...]

The Do-It-Yourself Decision

Do you manage your own money or do you seek help from a professional advisor?  Authors Goldie and Murray tilt toward professional management.  They recommend investors who are ill equipped or not interested in managing their own portfolio to use a fee-only advisor rather than a broker. "A broker is working for his firm. An independent fee-only advisor is working for … [Read More...]

300 Level

Einstein Portfolio Update: 2 January 2012

The following Dashboard shows the asset allocation plan for the Einstein Portfolio.  This worksheet and the following performance slide include all dividends from 2011.  With the available cash, I expect to put all the under-target asset classes in balance within a few weeks.  I have several limit orders in place for the under-target asset classes. … [Read More...]

Bohr Portfolio Modifications

I made a few changes in the Strategic Asset Allocation plan for the Bohr Portfolio.  I am planning to sell off the holdings in mid-cap blend and small-cap blend, something I indicated I might do with the Einstein.  Those dollars will be moved to small-cap value in keeping with the Fama-French research. … [Read More...]

200 Level

Retirement Planning: Using the Kenilworth Portfolio As A Model

Two young portfolios, Gauss and Kenilworth, found here on ITA Wealth Management serve as examples for retirement planning.  For this blog post, I'll use the Kenilworth as the example since it began with a modest initial investment of $1500 followed by monthly contributions.  Platinum members have access to all the transaction details. The first move in any retirement plan is to do … [Read More...]

Running Out of Money In Retirement

A few months ago I posted a blog entry about the probability of running out of money in retirement. What I did not do in that entry was run a stress test on a portfolio to examine what might happen should a retired investor experience another three standard deviation dip as we came through in 2008 and early 2009.  Later today I plan to take either the Schrodinger or Curie Portfolios as the … [Read More...]

400 Level

Bullish Percent Indicators for Week of 8 March 2013

For a broad look at market conditions as well as specific sectors, check out this article on Bullish Percent Indicators for last week.  I try to post the BPI information each week either on Seeking Alpha or here at ITA Wealth Management.   … [Read More...]

ITA Risk Reduction Update

Photograph: One of the "Painted Ladies" in Eureka, California The broad market is taking a 3.5% hit today, not a trivial move to the downside.  Those of you following the ITA Risk Reduction (ITARR) model now have the opportunity to see the benefits in action.  While we are not fully employed with this model, holding off with VEU and VWO purchases worked quite well as both ETFs … [Read More...]