Shredded Tire
Millikan is the portfolio up for review this morning and I have a full (five screenshots) update awaiting readers. If you missed the sector update posted earlier this morning, check it out here. The next portfolio sector report update will occur early in January of 2024 or when I have 13 months of data to report.
The Millikan has nearly one year of Sector BPI data in its history so take that into account as you read through this update.
Millikan Security Holdings
Below is the current Millikan investment quiver and holdings. With the market hitting new highs, now is the time to protect capital. Following the Sector BPI investing model, I have the appropriate TSLOs set for the overbought sectors. In addition, I am placing TSLOs under VOO where $14,000 is invested. It appears as it will be sometime before we see any of the sectors drop to the oversold zone. Surely this will happen sometime in 2024.
Millikan Security Recommendations
The following worksheet comes from the Kipling spreadsheet and is used to rank the three critical U.S. Equity ETFs. They are: ESGV, VTI, and VOO. Currently, ESGV is the top performer of this trio.
Millikan Manual Risk Adjustments
Cash is in short supply. Nevertheless, limit orders for ESGV and VOO will be set. I am not in a big hurry to purchase more stocks when the market is hitting new highs. Limit orders will be well below current prices. Likely 10% to 15% below current prices. However, the risk is always there that the market may move even higher and just walk away from limit orders priced too low.
Millikan Performance Data
Over the past two years the Millikan managed to build a 3% point lead on the SPY benchmark. The lead is even wider for any of the other five potential benchmarks.
Millikan Risk Ratios
It is encouraging to see the Jensen improve since November. On a risk adjusted basis the Millikan is pulling away from the SPY benchmark. When compared directly with SPY, as is the case with the Information Ratio, the Millikan lost a bit of ground.
The slope of the Jensen is quite strong, another positive signal.
Millikan Sector BPI Update: 20 July 2023
Tweaking Sector BPI Plus Model: 20 May 2023
Franklin Portfolio Review: 21 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.