100 Level

What To Do As Congress Debates and Postures

Investors are faced with many questions as Congress continues to waste precious time in solving what has become known as the "Financial Cliff."  How are you going to handle your portfolio over the next few months and what are the best practices to follow?  My advice is to do very little to next to nothing, but to expect a bumpy ride.  When I say "very little," I would not be adding large shares to … [Read More...]

Active vs. Passive Management

Active Investing:  Given that almost all money management is active, alpha is obviously added to the portfolio though this style of investing.  Not so quick.  While one would expect this assumption to be true, otherwise why is active management so popular. Active investors purchase securities they deem to be undervalued while the investor on the other side of the trade concludes … [Read More...]

300 Level

Market Conditions of Concern

Market Worries Two days ago I wrote a piece on Technical Analysis and how the market is overbought.  This morning I ran into a related column and the reference is provided below.  The concern is tied to mounting oil prices.  Not addressed in the article is the assault on jobs at the state level.  If the the widespread cuts continue, Ben Bernanke predicts future growth could … [Read More...]

TLH Spreadsheets

Below are links to the seven spreadsheets available to Platinum members. … [Read More...]

200 Level

Which ETFs To Use When Constructing A New Portfolio

Which ETFs do I recommend for different asset classes when putting together that first portfolio?  The first move is to decide which asset classes to use.  Twenty-five months ago I posted this Asset Allocation blog and little has changed over that time.  One error in the table is the position of VEA.  That ETF should be included in the Developed International Equities box rather than the Emerging … [Read More...]

Can Your Portfolio Survive The Next Bear Market?

The following SORDEX analysis is a variation of the material presented in the "Will I Run Out of Money?" blog.  Once more, I will use the 12-ETF Portfolio as the retirement portfolio.  As review, SORDEX is an acronym for Sequence-of-Returns Downside Exposure. Translated for T. C. PITS, it is a way to run several Monte Carlo calculations and see if you are likely to run out of … [Read More...]

400 Level

ETF Indicator Update

Below is an incomplete list of ETFs using in the ITA portfolios.  As I come across ETFs of interest, I add them to the list.  It takes time to update the list as each indicator (now eight in number) is entered manually.  Of the ETFs currently on the list, PCY is one that is very close to a Buy.  If the percentage exceeds 100% the ETF goes on the Buy list.  PCY is about one … [Read More...]

Asset Allocation: Why Select This Mix of ETFs?

Gauss is the newest portfolio launched (12/27/2011) here at ITA Wealth Management.  While the annualized performance is a respectable 25%, it still lags both the VTSMX and ITA Index benchmarks as it took time to populate all fifteen equity and bond asset classes.  The broad market was in a positive mood during the launch phase and as a result, the portfolio fell behind the … [Read More...]