100 Level

Rethinking Asset Allocation

Keeping David Swensen's Strategic Asset Allocation model in mind, it is possible to use all seventeen asset classes available in the TLH Spreadsheet to fulfill his recommendations.  Platinum members will see how this is accomplished when the Gauss Portfolio is reviewed tomorrow.  Instead of using six ETFs as I showed in an earlier post, we will use many more, but still stick with … [Read More...]

New User of ITA Wealth Management? Suggestions for Efficient Usage.

Using This Blog* Getting started in a blog as complex as ITA Wealth Management takes time for a new user, particularly a Platinum member.  Here are a few hints that will benefit all users. When you first log on, check the Comments section to see if any new additions were posted since you last connected. If you are signed up for the RSS for Comments, then you will be notified via e-mail … [Read More...]

300 Level

Republic Services (RSG): Another Waste Hauler

The following analysis can be compared to the Waste Management analysis posted earlier this morning.  It comes as no surprise that sales grow at a slow rate.  It is the nature of the business.  After all, there are only so many houses and businesses requiring trash hauling. This material is not available for publication elsewhere on the Internet. … [Read More...]

Portfolio Review: Curie Update

Curie Portfolio Update Other than recording June dividends, none of the 17 limit orders were activated this month. Current dips in the market were insufficient to trigger any orders I set for the Curie Portfolio.  Based on analysis such as one sees in this article, I think we need a good 10% correction to reel in all the limit orders set for this portfolio. Below is the Dashboard for the … [Read More...]

200 Level

Retirement Portfolio: Part Two

As pointed out in this blog post, one first selects asset classes for a retirement portfolio.  Then comes the difficult part of selecting what percentage to allocate to each ETF or asset class.  Below is a basic allocation that is not optimized.  In a later post I will run through an optimization of this set of ETFs to see if the projected return can be enhanced and still lower projected risk. … [Read More...]

Harry Browne’s Permanent Portfolio

Risk-Parity Look at Permanent Portfolio Much is written about Harry Browne's Permanent Portfolio, particularly since it held up well during the "Black Swan" markets of the early 21st century.  Below is a look at the equal allocation plan as advocated by Browne, and a Risk-Parity examination of the same four asset classes.  Both the equal allocation and Risk-Parity … [Read More...]

400 Level

Bullish Percent Indicators: Mixed Reactions To Financial Cliff

While there were no major offensive-defensive shifts in the major indexes, there were a few changes within sectors of the market. The following data tables provide detailed information on the changes. Bullish Percent Indicators for Indexes: Both the NYSE and DJIA indexes improved numerically this past week although neither index showed sufficient strength to move from a defensive position to an … [Read More...]

Post-Modern Portfolio Theory

Serious investors interested in digging deeper into the issue of portfolio risk management will find the article titled, Post-Modern Portfolio Theory of great interest. Any link is bound to produce different references over time so here is a clue to finding the article. Google the term, “Post-Modern Portfolio Theory” and then look for the PDF article by the same name. The article is … [Read More...]