100 Level

ITA Wealth Management: Adding Investment Knowledge

  ITA Wealth Management Blog: Unique Contributions     What makes the ITA Wealth Management blog different from other investing blogs? 1. ITA provides examples of actual portfolios of various size and different launch dates.   2. Platinum members have access to eight different portfolios showing all transactions, portfolio performance, benchmark performance, … [Read More...]

Portfolio Construction, Maintenance, & Monitoring

To be a successful investor, the trio of portfolio construction, maintenance, and monitoring are all essential.  While the importance of portfolio construction is receiving less attention than it did in the 1990s, detailed research is yet to be conducted on its significance.  The research I've read is too broad with a focus on stocks, bonds, and cash.  Due to its complexity, it … [Read More...]

300 Level

Benchmarking a Portfolio: Essential to Portfolio Management

Waterford, Virginia ITA Wealth Management readers know I am passionate about portfolio benchmarking and portfolio risk analysis.  To my knowledge, there is no better software program for the small investor than the TLH Spreadsheet, provided to all Platinum members.  We use two primary benchmarks in this spreadsheet, although four are available.  One is Vanguard's Total Stock … [Read More...]

Einstein Portfolio Update: 28 September 2011

Platinum members can witness that the Einstein Portfolio is coming very close to being in balance in all asset classes.  I placed limit orders to sell shares of VO and VB which will bring MCB and SCB back into balance.  With the small amount of available cash, I placed a limit order for BWX, an international treasure bond ETF.  As you can see from the Dashboard asset allocation plan … [Read More...]

200 Level

Portfolio Performance: ITA Ratio

When there is a lot of blog activity it is easy for the Portfolio Performance data table to be pushed off the screen and missed by readers unless they remain current with the new entries.  I'm bringing back the August 13th table with additional data.  Added to this table is the recently developed ITA ratio, another risk measurement that sets a high bar for portfolio … [Read More...]

Keeping It Simple

Investors wishing to keep their portfolio as simple as possible, yet obtain global diversification, can do it with no more than three ETFs. 1.  VTI will cover all U.S. Equities. 2.  VEU is the all-world except U.S. international ETF.  This ETF provides the global exposure we require, even for a very simple portfolio. 3.  BND, or an all bond ETF provides a diversifier or risk … [Read More...]

400 Level

Risk-Parity: A Brief Explanation of How Risky a 60/40 Portfolio Really Is

While I have a sample Risk-Parity portfolio coming out early tomorrow morning, I want to rush out a brief description of how risk is calculated.  This not for the mathematically squeamish, but the concept is not difficult if one can get past one step in the logic.  Don't be surprised if this concept does not alter how portfolios are put together here at ITA Wealth Management.  … [Read More...]

“Delta Factor” Signals for a Variety of Equity ETFs

Delta Factor Analysis of Equity ETFs Which ETFs appear to be priced for purchase at this time?  In the screen shot below Platinum members will find all the basic ETFs we use in our portfolios to cover the global equities market.  There are only a few ETFs that are priced to buy. … [Read More...]