Methodology
Business Processes for Buying
and Managing Preferred and Other High-Dividend Stocks
July 15, 2023
High Dividend Investment Process.pdf
Ever wonder what information to use in picking preferred
stocks? Ever wonder how to organize that information into a selection and
management process? This brief paper provides details, including fields
and Excel formulas, on how I go about selecting, buying and then managing
high-dividend portfolios. Of course if you don't want to do it yourself,
this gives a picture of what you might be paying me to do...
Considerations in Allocating Between
Fixed Income and Price Appreciation
March 31, 2023
Comparing Yields and
Gains.pdf
How should one balance fixed income and preferred stocks
against investments for price appreciation? How does one calculate
strictly income returns in order to properly compare them to returns from price
appreciation strategies based on market valuations?
Feedback is invited.
Portfolios by Goal
April 10, 2018
Portfolios by Goal
Wenzel Analytics is focused on portfolios more than
individual stocks that comprise the portfolios. Specific portfolios
fall into goal categories to 1) exceed the market, 2) exceed in down
markets, 3) match the market or 4) be independent of the market.
Portfolios are also categorized by methodology used to create the
portfolios. Some are 1) based on a strong logic, rationale or story,
2) some are derived from sources tested over many years, and 3) some are
based upon statistical work.
Approaches for Picking
Individual Stocks, Screening for a Group of Stocks, or Selecting
Factor-Based Indexes of Many Stocks
May 25, 2017
Stock Selection - Rifle, Shotgun or
Net.pdf
June 13,
2017
Portfolio Status by Rifle, Net or Shotgun.pdf
The methods we use to select stocks need to take account
of how many stocks we want to select and the variation in results we might
expect. Skillful allocation between index funds might beat the overall
market for a given year, if that is your goal, but not satisfy if your goal
is to beat the market by ten percent. Selecting individual stocks
using factor-based research is a misappropriation of the research and is not
likely to work.
How Does Wenzel Analytics Go
About Investing?
2002.
Investing Process
Do you wonder how Wenzel Analytics has achieved its
performance record? Is there a
reason for exceptional performance to continue? This detailed
description of the investment process provides a way for you to do due
diligence on Wenzel Analytics before handing over authority to manage
investments. You might get some ideas for how to do your own
investing, or you may want to imitate the steps in setting up a similar
money management practice.
I decided this methodological description was too detailed to include in the
home page orientation. While most portfolios have come and gone, and
some I have gone back to, the strategies have not changed. The basic
approach to investing has changed very little since when this was written
and I began my practice in 2002.
A more summary description of my methodology is in the
quarterly performance report for all
accounts.
Do Index Funds and ETFs
Undermine the Efficient Allocation of Capital?
October 19, 2013.
Tor Dahl e-mail.pdf
Index products buy all the stocks in the index, whether
they have merit or not. These capital flows do not distinguish the
efficient and productive companies from all the rest. Will this
undermine capitalism? Could we just as well have the State allocating
capital to specific companies? A noted economist answered my e-mail.
Making Money through Paradigm
Violations
February 5, 2011
Paradigm Violations.pdf
This two-page discussion paper outlines eight paradigms
for all economic transactions, and presents a framework for understanding
innovations by applying a paradigm to a set of services usually provided
through another paradigm. Several examples illustrate the concepts.
Data Mining
Interested in know more about how data mining works? Want to see an
example of a decision tree? This summary gives more detail than was
given in Investing Process.
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