100 Level

Index Investing Slow To Catch On

Is there a logical reason why 60% of institutions and 85% of individual investors avoiding index investing? The reasons below come from an article, "The Best Investment Advice You'll Never Get." "A big reason, according to Geddes, is that putting investors into index funds is simply not in the interest of the industry that sells securities. “They just won’t accept … [Read More...]

Save Early

Photograph: Florence, Italy There is no better way to prepare for retirement than to save frequently and early.  The operative word is "early."  The Golden Rule of Investing is to "Save as Much as You Can as Early as You Can." William Bernstein, in his book, "Investor's Manifesto" puts it in harsh terms. "Each dollar you do not save at 25 will … [Read More...]

300 Level

Portfolio Management

Developing Portfolio Policy Portfolio management begins with a well considered Portfolio Policy. Basic portfolio plans include the following: Asset classes to include in the portfolio Percentage to invest in each asset class Investments to populate asset classes Portfolio monitoring method Projected return analysis Projected risk analysis Selection of appropriate … [Read More...]

Kenilworth Portfolio Review: 8 August 2011

Below is the Strategic Asset Allocation plan for the Kenilworth Portfolio.  It is not unexpected to see this young portfolio dip into negative territory considering the severity of this bear market.  As Rep. Boehner stated, "I got 98% of what I wanted."  Now we are witnessing exactly what he meant by that statement.  The Kenilworth, as is the case with most … [Read More...]

200 Level

Year-End Portfolio Performance

TLH Portfolio Performance Data The following data table includes updates for portfolios tracked by the TLH spreadsheet.  Portfolios tracked by Captool will be updated sometime this week and I should have the results posted by January 8. In almost every case, the updated portfolios showed gains with respect to the VTSMX benchmark. Most of the portfolios lost ground to the customized … [Read More...]

Portfolio Performance: 2 March 2012

Most of the portfolios were either flat or lost a fraction of a performance percentage point this week.  The Newton and Bohr made small gains in a rather flat market. Portfolios that gained a little ground on the ITA Index, our customized benchmark, were; Kenilworth, Madison, and Gauss.  The Newton held even and the remaining portfolios fell slightly behind.  It is difficult, … [Read More...]

400 Level

Portfolio Performance

Photograph:  Dome of Blue Mosque in Istanbul, Turkey If you hear someone come across a bit strong when it comes to portfolio performance, ask a few simple straight-forward questions. 1.  How is the performance measured and does it meet AIMR standards?  Professionals will know AIMR stands for Association for Investment Management and Research.  ITA Wealth Management readers … [Read More...]

Equity ETFs And The “Delta Factor”

Are there any areas of the equity market that look positive for the next six to twelve months?  Even with a relatively strong market this summer, there are pockets of opportunity and they are indicated in the following table. … [Read More...]