100 Level

Analyzing Return and Risk for U.S. Equity ETFs

We frequently read investment summaries as follows.  I pulled the following information from Harold Evensky's book, Wealth Management. Size is significant.  Small stocks have higher standard deviations than large stocks. Book value is significant.  Stocks with low Price/Book ratios have higher returns than stocks with high Price/Book ratios. Adjusted for book value … [Read More...]

“The Power of Passive Investing”

"The Power of Passive Investing" is the title of Richard A. Ferri's latest book. My copy arrived yesterday and I will be writing and amplifying on certain topics over the next few weeks and likely into the new year. It is a book filled with excellent ideas. A principle thrust of the book is one of pitting passive investing up against active investing or active portfolio management. … [Read More...]

300 Level

Stock Valuation Screen

Screening for Deep Value Stocks Using the latest database of information, I ran another "valuation" screen on over 9,800 stocks and came up with only three that passed the test.  Below are both the screen criteria and the resulting companies. Platinum membership is available for $5.00 per month. … [Read More...]

Newton Portfolio Review: 20 March 2012

It is again time to check in on the Newton Portfolio.  The following Dashboard shows the Strategic Asset Allocation plan for the Newton, and nearly all the asset classes are in balance.  I am not concerned about the under-target in international bonds as it is counter balanced by overweight in domestic bonds. Portfolio Performance:  Readers who have been following the Newton can … [Read More...]

200 Level

Portfolio Performance: 30 September 2011

Third Quarter Portfolio Performance Results* Finally - the bum third quarter is finished.  Done and over!  Every portfolio gave some ground to the Internal Rate of Return (IRR) calculation.  Rare is the portfolio that performed well during the recent volatile market.  In the table below, the figures are a little lower than the actual values as I have yet to enter any third … [Read More...]

Portfolio Performance: 28 May 2013

It has been nearly two months since I last posted a portfolio performance update.  I'm not trying to hide any information.  Rather, I've been neglecting this post as I was on vacation and it takes time to update all the portfolios.  Even so, not all dividends are recorded in all the portfolios so this data is a close approximation to current values. All but the Kenilworth and Euclid showed … [Read More...]

400 Level

The Stock Market Is Stronger Than You Might Assume

With all the negative news one picks up, are you aware that the stock market is showing signs of strength, particularly when the different sectors are analyzed?  Tomorrow, I will be posting the latest data on the Bullish Percent Indicators (BPI) for the broad markets as well as ten sectors. This morning the NYSE BPI is showing that the offense has the ball as there are X's in the … [Read More...]

Bullish Percent Indicators: 26 July 2013

While this past week did not seem to be a particularly strong for the stock market the Bullish Percent Indicators (BPI), for the most part, tell a different story.  Nearly every major market and sector increased the percentage of stocks with a bullish Point and Figure graph.  There were no changes as to who controlled the ball - the offensive of defensive teams. … [Read More...]