Coyote photographed near Mammoth Lakes, California.
As the third quarter comes to a close I am updating a few portfolios before 33 calendar days expire so as to record September data for all the risk ratios. Bethe, Huygens, and Pauling are the three remaining portfolios that need to be updated. Bethe is gradually migrating from a growth and income portfolio over to one of six Sector BPI Plus portfolios. This investing model is meeting expectations and that is the reason for shifting the Bethe over to this investing model.
Bethe Investment Quiver and Holdings
Once the third quarter ends and dividends are recorded I plan to tighten the limit orders on IAF, NCZ, and NCV. After selling these three Closed-End-Funds (CEFs) the Bethe portfolio will be set up in similar fashion to the other five Sector BPI portfolios.
This morning I checked the Bullish Percent Indicator data and there were some changes due to recent market decline. Five sectors are now in the oversold zone (30% bullish or lower) and they are: Discretionary, Staples, Health, Utilities, and Real Estate.
If you match up the recommended asset allocation percentage (third column from the left) with the % of portfolio (second column from the right) you will see that Staples, Health, and Utilities are sufficiently populated. That leaves Discretionary and Real Estate needing attention.
Bethe Security Recommendations
None of the equities or bonds are recommended for purchase so I will concentrate on the two sector ETFs, Staples and Real Estate.
Bethe Manual Risk Adjustments
I made a mistake by entering 30 shares for Energy (VDE). Ignore that entry and concentrate on VCR and VNQ. I have limit orders in to buy shares of each. While writing this blog, one limit order for VCR was struck.
Bethe Performance Data
While still showing a negative IRR after 21 months of operation (not all using the Sector BPI model), the Bethe still leads the SPY benchmark as well as all other possible benchmarks.
Bethe Risk Ratios
While the Information Ratio is still positive and a tad higher than the August value, the overall performance of Bethe is down. An increase in short-term interest rates and a higher beta for the portfolio pushed the Jensen Performance Index lower than it has been since June. I pay most attention to the Jensen and Information Ratios as they best reveal how well the portfolio is performing based on risk.
Franklin Portfolio Review: 21 July 2023
Millikan Sector BPI Update: 20 July 2023
Discover more from ITA Wealth Management
Subscribe to get the latest posts sent to your email.
You must be logged in to post a comment.