Don’t be surprised if you don’t know the difference between a benchmark ETF and a strategic ETF. Strategic is sometimes called “Fundamental” or “Active” and they differ from the ETFs we recommend for our ITA portfolios. To read more about the differences, check out the URL referenced below. Richard Ferri writes about the increasing complexity […]
Buffett vs. Steadman
For every Warren Buffet there are a hundred Charlie Steadman’s in the investing world. While nearly every investor has heard of Buffett, few remember Charlie Steadman. Is there a reason for this short memory? “Until he died at age 83 in 1997, Charlie Steadman burned through investors’ assets at a rate unseen in the fund […]
Serious Investors Benchmark Their Portfolio
Establishing an appropriate benchmark for a portfolio is essential if one is serious about investing. Avoiding portfolio bench-marking is an act of self-deception. Exactly what is the purpose of a benchmark and what are the requirements for a fair and reasonable benchmark. Here is one definition of bench-marking. In the investing world, the S&P 500 […]
Reviewing The Fundamentals of Investing
Search this blog site for “The Golden Rule of Investing” and you will pick up the basic ideas of Rule #1 of Investing. The Golden Rule of Investing is – “Save as much as you can as early as you can.” Burton Malkiel puts it this way. “The amount of capital you start with […]
Nine Critical Investment Decisions
Nine Critical Investment Decisions 1. The Decision to Save or Not to Save 2. The Go-It-Alone or Professional Manager Decision 3. The Decision to be a Passive, Active or Mosaic Investor 4. The Decision to Use Index Funds or Stocks to Populate the Portfolio 5. The Asset Class or Sector Class Decision 6. The Asset […]
Feynman Portfolio Study: Part 8
In Part 8 of the Feynman Portfolio Study, which concludes the analysis of “Momentum” Investing as a major Strategy option, I look at the question of “How Many Assets (ETFs) should I include in my Portfolio?” There is no definitive answer to this question, but the analysis provides an idea as to the performance trends that […]
Preparing For Retirement Requires Discipline
I wish I could show this post to every new graduate, be they high school or college. The following three screenshots point out just how difficult it is to get ready for those retirement years. In the first slide I lay out the assumptions for this investor. In the second slide we have twenty index […]
The Feynman Study: Part 6-7
Part 6-7 of the Feynman Portfolio Study applies the SHY momentum filter to the Feynman “Momentum” Portfolio introduced in Part 5 of the Study. Also in this Part 6-7, I introduce the concept of allocation weighting based on (momentum) Ranking as an alternative to allocation weights based on (“Dynamic”) optimization as used in Parts 3, […]
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