New users frequently find it difficult to weave through all the various topics and concepts now available on the ITA Wealth Management blog. The variety of concepts is now much broader than I ever anticipated when I first launched this blog back in early 2008. Blog posts lack the organization of a book as ideas evolve over time and there is a spontaneous nature to many of the posts. Initially, the ITA blog began as a site entirely devoted to passive investing. Two portfolios (Schrodinger and Weisskopf) continue to follow this strategy. Over time, the passive model migrated into what one may call a semi-active management style and there are a number of portfolios that follow a momentum model.
Before progressing too far, new users want access to the latest Kipling LRPC spreadsheet. Here is the link to find and download that critical software program. This spreadsheet is only available to Platinum members.
Here are the basic principles that drive this blog, but before we get to those, always login through the Home Page and you will then be taken to the ITA Blog page. This is where you will find all the latest posts, forum topics and comments.
1. The importance of saving. Follow the Golden Rule of Investing. Save frequently and early in life.
2. There are numerous decisions an individual needs to make, be they a beginner or advanced investor.
- Will you manage the portfolio yourself or will you hire a professional manager? Most ITA blog readers are the do-it-yourself types as it is less costly and the information to self-manage the portfolio is contained within this blog.
- Will the portfolio be passively or actively managed? Examples of both are included in this blog as mentioned above. There is one portfolio designed for option traders and it is the Hawking. The Hawking is at the opposite end of the portfolio management spectrum from the Schrodinger.
- To what degree will the portfolio be diversified? Global diversification is emphasized here at ITA.
- What is the rebalancing policy? Examples are provided when the various portfolios are updated every 33 days. Passively managed portfolios, while reviewed every 33 days, rarely require rebalancing.
- Use index funds or non-managed index ETFs. My preference is to use non-managed index ETFs.
3. The ITA investment philosophy tilts toward a momentum management model. Reducing portfolio risk is the primary driver for using an active momentum management model. Check the Portfolios page for more information on how the individual portfolios are managed. Non-managed index securities are used to populate portfolios. Critical ETFs are selected to populate specific asset classes. If you have little or no experience in investing, be sure to read all the Beginning Investor articles found under the same title in Categories. Education is emphasized at ITA and to get started, check out the book list.
4. Portfolio management styles range from passive (Schrodinger Portfolio) to option trading (Hawking Portfolio).
5. Check out the various categories as those are the major topic areas of the blog.
6. Use the search engines. There are separate search engines for the blog and the Forum, so keep that in mind.
7. Select a portfolio to follow and check in frequently for the updates. Portfolios are reviewed every 33 days.
8. Pay attention to the comments. Set up RSS for both posts and comments.
9. In the lower right-hand corner of the Home page is a random list of old blogs. Check out those and read a few that you think you would find interesting.
What are you looking for on an investment site such as this one? Please leave a comment in one of the free to read blog posts.
I hope you will consider signing up for a Platinum membership.