Market Beta is the original and oldest investing factor, going back to the early 1960s. John Lintner, William Sharpe, and Jack Treynor are generally given credit for developing the Capital Asset Pricing Model (CAPM). For many years, the single factor CAPM dominated the investing landscape. “The CAPM provided the first precise definition of risk and […]
Factor Investing: What Is Factor Investing? – Part I
Portfolio construction rests on the foundation of asset allocation or what we frequently call, Strategic Asset Allocation (SAA). We build portfolios around large-, mid-, and small-cap stocks, growth and value. Then we add commodities, precious metals, and bonds. There is another approach to portfolio construction. Factor investing is an alternative to SAA, although there is […]
Investing Lessons For ITA Readers
In light of Larry Swedroe’s 11 lessons for 2018, here are my lessons or guidelines for ITA readers. Remember, use, and review The Golden Rule of Investing. If you are not following this lesson, there is no reason for reading the ITA Wealth Management blog. Avoid building your portfolio using individual stocks unless you are […]
Refining the LRPC Momentum System – The LRPC_BHS System: Part 7 – Out-Of-Sample Testing: BlackRock iShares
The next portfolio that we will look at is one comprised mainly of ETFs from the BlackRock iShares collection. This includes U.S. and International bond and equity products including broader market coverage from the Russell 1000/2000 index lists and “value” focus. Asset classes not available from BlackRock (at least for a significant time) are covered […]
Understanding The New Kipling Spreadsheet
In anticipation of questions that may arise in understanding the Buy-Hold-Sell recommendations from the new Kipling spreadsheet, below is an example that will serve to answer a few questions. This happens to be the Bethe portfolio, but that is not important for this lesson. Interpreting BHS Recommendations: The Maximum Number of Assets is set to […]
Portfolio Construction: Reviewing the Basics
Every now and then it is a good idea to start at the beginning and figure out how to go about constructing a portfolio. Here is a routine or logical path to follow. What asset classes should be part of the core holdings? U.S. Equities Developed International Equities Emerging Market Equities Commodities Precious Metals Timber […]
Looking Over The Horizon
Looking over the horizon provides a few clues as to why the U.S. Equities market is so volatile. While I am far from being an economist, there are logical reasons for a jittery stock market. Trade policies are all over the board and there is no coherent policy. Interest rates are rising making investing in […]
Investing Simplified
Amid all the sophistication one might find on this blog, investing can be quite simple if one focuses on the essentials. Sometimes it is useful to recenter ones thinking and get back to the basics. Here are links to a few old blog posts that are core to all we attempt to teach here at […]
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 11
- Next Page »