Articles of Interest - ITA Wealth Management Forum

Income Factory

Lowell Herr — Mon, 12 May 2025 22:32:37 +0000

This video is in line with the Hawking Portfolio tracked by Hedgehunter.

https://www.youtube.com/watch?v=XThJmtpmQDo

Lowell

Stop Loss Orders

Lowell Herr — Sat, 23 Mar 2024 15:53:12 +0000

Here is a link to a useful article on the pros and cons of Trailing Stop Loss Orders (TSLOs).

https://www.5paisa.com/stock-market-guide/generic/trailing-stop-loss

Lowell

Vanguard Projections

Lowell Herr — Sat, 04 Mar 2023 12:51:09 +0000

Check out this article if looking for projections over the next decade.

https://www.etf.com/sections/index-investor-corner/vanguards-10-year-equity-outlook

Lowell

William J. Bernstein Interview

Lowell Herr — Wed, 06 Jul 2022 00:36:51 +0000

Here is an interview with my favorite investment writer, William Bernstein.

Skip the first two minutes and get to the interview.

https://www.buzzsprout.com/1973223/10794697

Profitability is mentioned in the interview. Profitability is now part of the Fama-French Five-Factor model and it was confirmed by a former student of mine, Robert Novy-Marx.

Fifty-four years after the first Munger/Buffett confab, academics have confirmed the intuition behind Munger’s “Quality” pillar. The researcher this time is Berkeley-trained financial economist Robert Novy-Marx, now an assistant professor at the University of Rochester and a fellow at the National Bureau of Economic Research.

Lowell

Performance Chart

Lowell Herr — Fri, 21 Jan 2022 14:25:53 +0000

Check out this Performance Chart. BTW, EW is equal weight in case you were trying to identify that box.

Lowell

Index Investing vs. Selecting Individual Stocks

Lowell Herr — Sun, 18 Apr 2021 12:40:24 +0000

Here is an article of great interest if you are thinking about investing in individual stocks.

I quibble over one point. I think the author is going against most judgments I've read about when it comes to tax efficiency. The author states that mutual funds are more tax efficient than ETFs. Based on my research, he has that reversed. Most opinions I've read conclude that ETFs have an edge over mutual funds when it comes to tax efficiency.

Check this out on your own. This is a minor point of the article. I found the article a useful read.

Lowell

Dual Momentum Article

Lowell Herr — Sat, 13 Mar 2021 15:31:23 +0000

Here is the link to a Dual Momentum article that may be of interest to those ITA readers using this model.

Lowell

Asset Allocation vs. Stock Selection

Lowell Herr — Thu, 11 Mar 2021 18:55:51 +0000

Here is an interesting article on portfolio construction where two different approaches are explained.

https://www.investopedia.com/articles/financial-analysis/090316/asset-allocation-vs-security-selection-main-differences.asp

Lowell

Jeremy Grantham's Market Outlook

Lowell Herr — Wed, 04 Nov 2020 20:23:54 +0000

Here is an interesting article for ITA members. Perhaps the Schrodinger Portfolio managers are on to something with their emphasis on emerging markets.

Lowell

Is the Market Overvalued?

Lowell Herr — Wed, 07 Oct 2020 21:28:45 +0000

As we've frequently pointed out, these indicators aren't useful as short-term signals of market direction. Periods of over- and under-valuation can last for many years. But they can play a role in framing longer-term expectations of investment returns. At present, market overvaluation continues to suggest a cautious long-term outlook and guarded expectations. However, at today's low annualized inflation rate and the extremely poor return on fixed-income investments (Treasuries, CDs, etc.) the appeal of equities, despite overvaluation risk, is not surprising.

Check out this article for more particulars.

https://www.advisorperspectives.com/dshort/updates/2020/10/07/is-the-market-still-overvalued

Lowell