The CD recommendation this week is a move away from my normal classical selection. Variety is called for this week so I am suggesting “Crying” by Roy Orbison. There are four bonus tracks and they are: Candyman, Let the Good Times Roll, Dream Baby and The Actress.
I just received my copy last week and I found it most enjoyable. Listen to the sample tracks and see if you do not agree.
Photograph: Farmers Market in Seattle.
In case you missed my earlier hint, if you wish to view the essential information on this blog, move over to the right-hand edge and under Categories click on Critical Information. Read those blog entries to gain a view of the philosophy behind my approach to investing.
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In the data table below, nine of the 19 portfolios are updated. These are the portfolios I track using the TLH spreadsheet. While all nine portfolios showed a gain in the Internal Rate of Return (IRR) since the last update, only the Euclid Portfolio made a gain in the Information Ratio (IR) metric. The Schrodinger, a long standing passive portfolio maintained the same IR value.
While most investors focus on portfolio return, I prefer to place more emphasis on the IR value. I want the value to be positive as that indicates the portfolio is outperforming the index. For my IR calculation, I use the VTSMX benchmark instead of the ITA Index benchmark as I do not have as much history with the customized IRA Index benchmark. The IR value is basically a measurement of portfolio alpha divided by sigma. Alpha is a measurement of how well the portfolio is performing with respect to a benchmark and sigma is the standard deviation or a portfolio risk measurement. As I’ve been discussing over on the Premium Content side of the blog, a number of these portfolios carry too high a risk. Too high means the risk is over 15%. Therefore some Tactical Asset Allocation is in order. In a few cases, I plan to make Strategic Asset Allocation moves. This means the portfolios will undergo major changes over the next few months.
Portfolio Performance: 12 March 2010
| Portfolio |
Last Updated |
Launch Date |
Tracking Tool |
Port. IRR |
ITA Index |
Diff Port. vs. ITA Index |
VTSMX IRR |
Diff Port. vs. VTSMX IRR |
IR |
| AA-Mosaic |
02/26/2010 |
07/21/1999 |
Captool |
1.10% |
NA |
NA |
-0.98% |
2.08% |
0.05 |
| Curie |
03/12/2010 |
12/26/2007 |
TLH SS |
0.4% |
-9.4% |
9.8% |
-5.6% |
6.0% |
2.45* |
| Mosaic2 |
02/26/2010 |
07/19/1999 |
Captool |
3.46% |
NA |
NA |
-1.50% |
4.96% |
0.15 |
| Newton |
03/12/2010 |
06/02/2008 |
TLH SS |
6.6% |
-0.4% |
7.0% |
3.4% |
3.2% |
2.56* |
| Passive Port. |
02/26/2010 |
12/01/2000 |
Captool |
3.97% |
NA |
NA |
-0.59% |
4.56% |
0.68 |
| Schrodinger |
03/12/2010 |
12/01/2000 |
TLH SS |
4.4% |
1.7% |
2.7% |
1.6% |
2.8% |
2.72 |
| Jane |
02/26/2010 |
02/14/1997 |
Captool |
8.3% |
NA |
NA |
2.76% |
5.54% |
0.53 |
| Einstein |
03/12/2010 |
06/30/2008 |
TLH SS |
12.9% |
21.5% |
-8.6% |
10.0% |
2.9% |
1.90* |
| Gauss |
02/26/2010 |
02/19/1997 |
Captool |
8.52% |
NA |
NA |
2.73% |
5.79% |
0.22 |
| Kepler |
03/12/2010 |
11/01/2008 |
TLH SS |
26.4% |
27.5% |
-1.1% |
24.9% |
1.5% |
1.40* |
| Scrappy |
02/26/2010 |
08/14/2008 |
Captool |
8.43% |
NA |
NA |
-9.1% |
17.53% |
NA |
| Bohr |
03/12/2010 |
08/14/2008 |
TLH SS |
11.5% |
12.9% |
-1.4% |
-0.4% |
11.9% |
1.58* |
| Projects |
02/26/2010 |
12/01/2000 |
Captool |
4.84% |
NA |
NA |
-0.59% |
5.43% |
1.39 |
| Washington |
02/26/2010 |
06/18/1999 |
Captool |
2.58% |
NA |
NA |
-1.04% |
3.62% |
0.27 |
| Maxwell |
03/12/2010 |
12/25/2000 |
TLH SS |
-0.2% |
-0.6% |
0.8% |
2.6% |
-2.4% |
-1.04 |
| Adams |
02/26/2010 |
06/18/1999 |
Captool |
2.33% |
NA |
NA |
-0.73% |
3.06% |
0.69 |
| Euclid |
03/12/2010 |
06/30/1999 |
TLH SS |
-0.7% |
-1.1% |
0.4% |
2.6% |
-3.3% |
-1.08 |
| Jefferson |
02/26/2010 |
03/13/2008 |
Captool |
4.32% |
NA |
NA |
-7.44% |
11.76% |
NA |
| Madison |
03/12/2010 |
03/13/2008 |
TLH SS |
6.2% |
-0.9% |
7.1% |
6.0% |
0.2% |
0.04* |
To follow the TAA or SAA portfolio moves over the next few months, sign up for a Premium Content subscription. Through today, a trial 30-day subscription is available for $4.00 per month. Then the rate returns to $6.99 per month.
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