By Martin J. Pring
The Investor's consultant to energetic Asset Allocation provides you with the heritage and analytical instruments required to take complete benefit of the possibilities present in asset allocation, region rotation, ETFs, and the enterprise cycle.
Written via well known technical analyst and best-selling writer Martin Pring, the ebook provides Mr. Pring's designated Six company Cycle phases, explaining why sure asset different types practice greater or worse in the course of varied levels of the enterprise cycle, and demonstrating the best way to use intermarket instruments and technical research to acknowledge what company cycle degree the industry is in.
Pring indicates you the way to use lively asset allocation, rotating between sectors and significant markets (stocks, bonds, and futures) because the enterprise cycle degree alterations, to boost optimal allocation ideas. He specializes in trade traded money (ETFs) because the top motor vehicle for asset allocation rotation, because they're simply traded and feature even more flexibility than mutual money. He additionally bargains particular directions for what sectors to be in, counting on the company cycle stage.
The Investor's consultant to lively Asset Allocation will give you confirmed making an investment services on:
This dynamic making an investment source contains a CD-ROM, which includes supplementary details to help you execute the innovations defined within the booklet. you will find dwell hyperlinks to necessary sites that comprise a wide-ranging library of ETFs, database resources, ancient info documents in Excel layout, and a set of historic multi-colored PowerPoint charts.
An crucial instrument for bettering your analytical abilities, The Investor's consultant to energetic Asset Allocation exhibits you the way to maneuver from a passive to an lively allocation version and explains the hyperlink among enterprise cycle and inventory marketplace cycle for more suitable - and ecocnomic - buying and selling and investing.
Read or Download The Investor's Guide to Active Asset Allocation: Using Technical Analysis and ETFs to Trade the Markets PDF
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Extra info for The Investor's Guide to Active Asset Allocation: Using Technical Analysis and ETFs to Trade the Markets
Sample text
This approach is far from perfect, but it does demonstrate beyond reasonable doubt that the business cycle does undergo a set series of chronological events in a consistent, though not perfect, manner. This page intentionally left blank 3 Useful Tools to Help Us Identify Trend Reversals Trend Analysis Tools Moving Averages Trendlines Peak Trough Progression Momentum Overbought/Oversold Analysis Divergence Analysis Identifying Trend Reversals in Momentum Itself The KST Relative Strength Intermarket Relationships and Relative Strength he process of analyzing and understanding what is going on in the econT omy and the marketplace requires the use of some tools that can help us identify how mature a trend is and when the odds favor that it has reversed.
The horizontal equilibrium line indicates a period of no growth. When the sine curve is rising above the equilibrium line, it tells us that the economy is growing at a faster pace. When it peaks out and starts to decline the economy is still growing, but at a slower and slower pace. Eventually the line slips below zero, or equilibrium, which means that the economy is shrinking. As long as it is falling below zero, the downside economic momentum is picking up steam. Eventually the sine curve rises, but because it is below zero, the economy is contracting.
One of the most impressive compounding tables I have ever seen is based on statistics provided by Market Logic of Fort Lauderdale Florida (Table 1-5). It shows that a few early contributions can be far more effective than many later ones. The table, which assumes a 10% reinvestment rate, presents us with two investors. The first makes a total contribution of $14,000 and the Table 1-5 Regular Contributions and Compounding Investor A Age Contribution 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 0 0 0 0 0 0 0 0 0 0 0 2,000 2,000 2,000 2,000 2,000 2,000 2,000 0 0 0 0 0 Investor B Year-End Value 0 0 0 0 0 0 0 0 0 0 0 2,200 4,620 7,282 10,210 13,431 16,974 20,872 22,959 25,255 27,780 30,558 33,614 Contribution Year-End Value 0 0 0 0 0 0 0 0 0 0 0 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,200 4,620 7,282 10,210 13,431 (Continued) 18 THE INVESTOR’S GUIDE TO ACTIVE ASSET ALLOCATION Table 1-5 Regular Contributions and Compounding (Continued) Investor A Age 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 Contribution 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Less Total Invested Equals Net Earnings Money Grew Year-End Value 36,976 40,673 44,741 49,215 54,136 59,550 65,505 72,055 79,261 87,187 95,909 105,496 116,045 127,650 140,415 154,456 169,902 186,892 205,518 226,140 248,754 273,629 300,002 331,091 364,200 400,620 440,682 484,750 533,225 586,548 645,203 709,723 780,695 858,765 944,641 –14,000 930,641 66-fold Investor B Contribution 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 Year-End Value 16,974 20,872 25,159 29,875 35,062 40,769 47,045 53,950 61,545 69,899 79,089 89,198 100,318 112,550 126,005 140,805 157,086 174,995 194,694 216,364 240,200 266,420 295,262 326,988 361,887 400,276 442,503 488,593 540,049 596,254 658,079 726,087 800,896 883,185 973,704 –80,000 893,704 11-fold Some Basic Principles of Money Management 19 second a total of $80,000, yet they both end up about the same in total dollars.