100 Level

The Five Best Asset Allocation Books

Investors interested in digging deeper into the nuances of asset allocation will find the following five books of interest. Here is my list of the five best books on asset allocation.  In a later post, I will add another five books to this group, making up my top ten list of investment books. The Four Pillars of Investing: Lessons for Building a Winning Portfolio - William J. … [Read More...]

Investing 101

It is so easy to get down into the gears of investing and lose sight of the big picture.  Pulling back from portfolio management, necessary as that is, and laying out the long-range picture of investing is essential from time to time.  That is the situation today, so here are some fundamentals to investing. Follow "The Golden Rule of Investing" by saving as much as you can … [Read More...]

300 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...]

Kenilworth Review: 7 October 2011

Kenilworth Update No sales or purchases occurred within the Kenilworth Portfolio this month.  I did make some slight Strategic Asset Allocation shifts.  I increased cash and bonds by one percentage point and stripped off two percentage points from emerging markets.  Nothing major.  Below is the new asset allocation plan. … [Read More...]

200 Level

Optimized Mosaic Portfolio

While the following portfolio is not exactly one of the eleven portfolios tracked here at ITA Wealth Management, there are many similar ingredients.  To create this portfolio I selected 26 ETFs that are frequently part of at least one ITA portfolio.  Familiar ETFs such as VTI, VEU, VWO, DVY, VTV, IWN, VOE, VOT, VNQ, RWX, etc. are among the 26 ETFs.  Nine (9) bond ETFs were in the group, but most … [Read More...]

Active vs. Passive Investing: Part 3

Section Three of the Active vs. Passive paper deals with the non-trivial problem of how to measure portfolio returns.  This is a nasty problem for mutual fund money managers as clients are moving cash in and out of their portfolios at different times.  This cash flow has nothing to do with the managers style of management.  To comply with the Association for Investment Management … [Read More...]

400 Level

Bullish Percent Indicator Update

In the Bullish Percent Indicator data table below, I want to draw your attention to several features.  1) Look at the latest data in the 06/01/12 row.  The left-hand number, 46.62, is the most important as that indicates the percent of stocks in the NYSE that are generating a bullish PnF graph. [Next time I will include the headers or titles in the screen shot.]  That percent … [Read More...]

Using the Delta Indicator

Quantext Portfolio Planner Expanded While I hope to have the following article published on Seeking Alpha, I am permitted to make it available to Platinum readers since it is not readily available free on the Internet.  Here is the article as I submitted it to SA.  Platinum members have see this expansion of the QPP analysis before, but I don't recall ever posting both extremes so … [Read More...]