The Millikan merits an interim look as 50% of the portfolio is in cash. With a little more emphasis on value and size, the investment quiver of the Millikan would qualify as a Factor oriented portfolio. Since size, value, and momentum are considered three primary investment factors, I’ll be taking a good look at this […]
Why Think Small: Relative Strength Model
Why think small when it comes to portfolio construction? There are a few compelling reasons which I will explain below. Here are a few for starters. It is easy to track and there are fewer trades. With fewer trades, there is less slippage due to the bid-ask price spread. It takes less time to set […]
Bullish Percent Indicators: 3 July 2020 – Good Week For Equities
This past week was a strong four business days for U.S. Equities despite the rise in Covid-19 cases and deaths. Unemployment dropped approximately two percentage points. However, another million workers applied for unemployment and this trend is likely to continue for a number of weeks as restaurants, bars, and gyms are once more shuttering windows. […]
Investment Portfolio of Interest
The Einstein (Investment Portfolio of Interest), based on the feedback questionnaire, is one of the favorite ITA portfolios. While today is not the scheduled review day, I am taking a fresh look at the portfolio. Included in the following post are the Risk Ratios. As I go through the different portfolios I am updating this […]
Bullish Percent Indicators: 26 June 2020
Bullish Percent Indicators give us a broad overview of how well U.S. Equities are performing. This last week has been a bloody one for the stock market as every indicator, be it a broad index or a sector, took a beating. The increased number of Covid-19 cases is having a negative impact on the market. […]
Alternative Portfolio: The Factor Model
Are you leery about investing your money in one or two ETFs as recommended when using either the Dual Momentum or Swensen models? If so, this sample Factor portfolio goes to the other extreme. Forty (40) ETFs from all the different factors are included in the investment quiver. In this sample I am using a […]
Constructing A Swensen Portfolio: 17 June 2020
Fifteen years ago David Swensen authored Unconventional Success: A Fundamental Approach to Personal Investment. Swensen is well-known for his outstanding management of the Yale Endowment Fund. On pages 83 and 84 of his book, Swensen lays out the science of portfolio structure. Here is an outline of his arguments. Long-term investment portfolios will exhibit diversification […]
Bullish Percent Indicators: 13 June 2020
Several weeks passed since I last posted Bullish Percent Indicator (BPI) data. The first week in June and this past week’s data show the extreme volatility of the U.S. Equities market as all but one sector was in the offensive camp last week, only to see a complete switch this week, largely a reflect of […]
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