Below is the Carson LRPC portion of the Carson portfolio. I’m taking Herb’s recommendation and will call these three portfolios the Carson LRPC, Carson BHS, and Carson HA. These three portfolios are actually one portfolio, but managed using three different options available within the Kipling spreadsheet.
Readers are asked to look over the portfolio and make suggestions as to whether or not this is a reasonable list of ETFs. I’ve made an attempt to use commission free ETFs at Schwab, focus on low-cost expense ratios, fill the primary factor requirements, while also covering all the basic asset classes. I did not include Commodities or Precious Metals as neither are interest generating asset classes. Take a little time to review the portfolio as you have until May 31 to provide input. The first trades will be made on the 31st.
Carson LRPC Portfolio: Please comment on the following 20 securities. If you pick up any glaring weaknesses, please post your comments in the appropriate space below.
As you can see, the following portfolio is based on the Factor model. I included eight (8) bond/treasury options for times when the market is in decline.
Carson LRPC Recommendations: Initially I am setting the Maximum Number of assets to three (3). When the portfolio grows to $10,000 I will likely increase the Max Number of Assets to five (5). Note that the Model is set to LRPC for this third of the portfolio.
Carson LRPC Position Sizing Worksheet: I’m including the Position Sizing (Auto) worksheet for a special reason. To keep the management styles as even as possible, I will adjust the Max Trade Position (left arrow) to a percentage so the Total Suggested Cash (right arrow) will come in at something under $200.
Carson LRPC Manual Risk Adjustments: Based on the above recommendations I plan to adjust the Shares to Hold to the nearest five shares. Therefore, SCHB should show 25 shares instead of 20. This may not always be possible based on the available cash, but these are the guiding rules I plan to follow. In this particular case, there is insufficient cash to move SCHB up to 25 shares.
Carson HA Recommendations: As a point of interest, I’m included the recommendations when the Model Option is set to HA. With this setting only one ETF is recommended, ILTB. This shows how much deviation we can expect from the different models or options.
Carson BHS Recommendations: While I’m at it, I’ll add the BHS recommendations. The BHS recommendations are more conservative than LRPC, but less so when compared to the HA recommendation.