Fogarty Beach on Oregon Coast.
Before proceeding with the Bohr portfolio review, Lifetime readers need to know we have a replacement for the ITA file. Harry Stevens cleaned up the existing problem. Check the Forum for more information. Lifetime members also received an e-mail from me where I directed you to Hedgehunter’s Dropbox. If you have further questions, contact me at itawealth@comcast.net for more help.
And now for the Bohr portfolio update. Later I will also update the Bethe as both these portfolios are listed as Income style portfolios.
Bohr Security Recommendations
Listed below are the securities available for purchase and the number of shares held in the Bohr. Currently, the bulk of the portfolio is held in Closed-End-Funds or CEFs. Those are the securities with with the gray background.
Bohr Manual Risk Adjustments
When VTI, BND, VEA, or VWO are recommended, those ETFs are filled first. Right now VEA is the ETF of choice so I will be setting limit orders to pick up shares of Developed International Equities.
Bohr Performance Data
The Bohr continues to lag the S&P 500 (SPY) as well as AOA and AOR, two other potential benchmarks. It is always a concern when the portfolio lags the SPY. If there is little improvement over the next few quarters, I’ll be looking for a model change.
Bohr Risk Ratios
Note the decline in the Jensen Alpha values over the past year. For the first time since May of 2022 the Bohr shows a negative Information Ratio. Both measurements raise warning flags as to the validity of the Income Model.
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Lowell,
I couldn’t find Harry Steven’s new ITA file in the Forum.
~jim
Jim,
Did you receive the link in the e-mail I sent out to all Lifetime members?
If not, contact me and I will send you the file.
Lowell
Lowell,
I didn’t get the email.
~jim
Jim,
Hmm. Not sure what happened as I sent it out to all Lifetime members.
Lowell
Jim,
I tried sending or broadcasting several more e-mail messages and I don’t think the app is working properly. At least I do not receive any feedback that anyone received the mail.
Lowell
Lowell,
I did not receive the email, and none of my Kipling spreadsheets have descriptions or yield data. Also I can’t find any reference to this issue in the forum.
Bob Petersen
Bob P.,
The broadcast e-mail is not working within a particular application. I have a ticket set with the developers. Hope to solve the problem this week.
It looks like you need the latest ITA file that Harry reworked last week. I’ll send it in a moment as I need to go to the Windows computer.
Lowell