Friday, December 21, 2018 8:57:25 AM
Seasonal best wishes to all, and a big thanks to JDerb for the continued vwave updates (and to Tom for his earlier years iwave).
According to my approximated reckoning i.e. using by eye approximated estimates for the iwave (vwave from 2008) at the start of each year since 1982, and using the 'Stock' based i/v wave measure as a conservative approach as to how much 10 year Treasury to realign to at the start of each year (remainder invested in small cap value stock holdings) ... i.e. a rebalance once each year to i/v wave indicated amounts ... then the results were 'satisfactory' (to coin a Ben Graham term) ...
[Yearly rewards for small cap value, 10 year T and inflation were obtained from portfoliovisualizer.com Gains exclude costs and taxes. Why SCV? Because I like the concepts/ideas around a modestly more aggressive form of the Larry Portfolio (Larry Swedroe) i.e. less in relatively higher volatility holdings]
1982 to 2017 inclusive figures. 2018 not a particularly good year with around a -1.5% nominal, -3.75% real.
Merry Christmas to all.
Clive.
According to my approximated reckoning i.e. using by eye approximated estimates for the iwave (vwave from 2008) at the start of each year since 1982, and using the 'Stock' based i/v wave measure as a conservative approach as to how much 10 year Treasury to realign to at the start of each year (remainder invested in small cap value stock holdings) ... i.e. a rebalance once each year to i/v wave indicated amounts ... then the results were 'satisfactory' (to coin a Ben Graham term) ...
[Yearly rewards for small cap value, 10 year T and inflation were obtained from portfoliovisualizer.com Gains exclude costs and taxes. Why SCV? Because I like the concepts/ideas around a modestly more aggressive form of the Larry Portfolio (Larry Swedroe) i.e. less in relatively higher volatility holdings]
1982 to 2017 inclusive figures. 2018 not a particularly good year with around a -1.5% nominal, -3.75% real.
Merry Christmas to all.
Clive.
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