Lazy Portfolios Q3 Update
Here’s a summary of how the “Lazy Portfolios” (as seen in The Kirk Report at thekirkreport.com) have done through the 3rd Quarter of 2007. I will provide more detail of the makeup of each portfolio here and on the podcast. I also show each portfolio’s annualized performance for the previous 1.75 and 2.75 years.
NOTE THAT THESE ARE THE EQUITY ONLY PORTIONS OF EACH PORTFOLIO. I REMOVED THEIR BOND COMPONENT (IF ANY).
Sorted by long-term performance:
| 2007 | Annualized | Annualized | |
| Lazy Portfolio | YTD | Since 12/31/05 | Since 12/31/04 |
| IndexFolio 100 | 7.54% | 18% | 16.5% |
| IndexFolio 95 | 7.53% | 18.1% | 16.5% |
| IndexFolio 90 | 7.51% | 18.2% | 16.4% |
| WisdomTree | 10.1% | N/A | N/A |
| Bill Schultheis’ Coffeehouse Portfolio Three ETF | 8.7% | 17.5% | N/A |
| Scott Burns’ Six Ways from Sunday Portfolio | 12.2% | 20.7% | 20.7% |
| Ted Aronson’s Lazy Portfolio | 15.7% | 20.6% | 19.5% |
| Merriman Vanguard Equity | 10.7% | 20.2% | 17.9% |
| Andrew Tobias’ Lazy Portfolio | 12.8% | 19.7% | 16.5% |
| Scott Burns’ Margarita Portfolio | 12.8% | 19.7% | 16.5% |
| John Wasnik’s Nano Investment Portfolio | 7.2% | 18.6% | 15.9% |
| Scott Burns’ Five Fold Portfolio | 6.9% | 18.3% | 15.7% |
| Scott Burns’ Four Square Portfolio | 6.9% | 18.3% | 15.7% |
| Mad Money Machine: Do It Yourself | 8.6% | 17.4% | 15.6% |
| Jim Lowell’s Sower’s Growth Portfolio | 12.1% | 17.8% | 15.6% |
| David Swensen’s Lazy Portfolio | 7.1% | 17.7% | 15.1% |
| William Bernstein’s No Brainer Cowards Portfolio | 8.3% | 16.9% | 14.8% |
| Ben Stein 2007 | 8.0% | 16.2% | 14.3% |
| William Bernstein’s Basic No-Brainer Portfolio | 9.7% | 16.4% | 13.6% |
| Bill Schultheis’ Coffeehouse Portfolio Vanguard | 5.4% | 15.7% | 13.2% |
| Frank Armstrong’s Ideal Index Portfolio | 8.0% | 15.0% | 12.7% |
| Bill Schultheis’ Coffeehouse Portfolio ETFs | 3.3% | 14.4% | 11.8% |
| Scott Burns’ Couch Potato Portfolio | 8.7% | 13.9% | 11.0% |
| Ben Stein Retirement | -2.6% | 12.4% | 10.9% |
| Dow Jones | 11.6% | 16.2% | 9.7% |
| S&P 500 Index | 8.0% | 12.4% | 8.9% |
| NASDAQ Composite | 12.2% | 12.5% | 8.3% |
Now the short-term, YTD sort:
| 2007 | Annualized | Annualized | |
| Lazy Portfolio | YTD | Since 12/31/05 | Since 12/31/04 |
| IndexFolio 100 | 7.54% | 18% | 16.5% |
| IndexFolio 95 | 7.53% | 18.1% | 16.5% |
| IndexFolio 90 | 7.51% | 18.2% | 16.4% |
| Ted Aronson’s Lazy Portfolio | 15.7% | 20.6% | 19.5% |
| Andrew Tobias’ Lazy Portfolio | 12.8% | 19.7% | 16.5% |
| Scott Burns’ Margarita Portfolio | 12.8% | 19.7% | 16.5% |
| NASDAQ Composite | 12.2% | 12.5% | 8.3% |
| Scott Burns’ Six Ways from Sunday Portfolio | 12.2% | 20.7% | 20.7% |
| Jim Lowell’s Sower’s Growth Portfolio | 12.1% | 17.8% | 15.6% |
| Dow Jones Industrial Average | 11.6% | 16.2% | 9.7% |
| Merriman Vanguard Equity | 10.7% | 20.2% | 17.9% |
| WisdomTree | 10.1% | N/A | N/A |
| William Bernstein’s Basic No-Brainer Portfolio | 9.7% | 16.4% | 13.6% |
| Bill Schultheis’ Coffeehouse Portfolio Three ETF | 8.7% | 17.5% | N/A |
| Scott Burns’ Couch Potato Portfolio | 8.7% | 13.9% | 11.0% |
| Mad Money Machine: Do It Yourself | 8.6% | 17.4% | 15.6% |
| William Bernstein’s No Brainer Cowards Portfolio | 8.3% | 16.9% | 14.8% |
| Ben Stein 2007 | 8.0% | 16.2% | 14.3% |
| Frank Armstrong’s Ideal Index Portfolio | 8.0% | 15.0% | 12.7% |
| S&P 500 Index | 8.0% | 12.4% | 8.9% |
| John Wasnik’s Nano Investment Portfolio | 7.2% | 18.6% | 15.9% |
| David Swensen’s Lazy Portfolio | 7.1% | 17.7% | 15.1% |
| Scott Burns’ Five Fold Portfolio | 6.9% | 18.3% | 15.7% |
| Scott Burns’ Four Square Portfolio | 6.9% | 18.3% | 15.7% |
| Bill Schultheis’ Coffeehouse Portfolio Vanguard | 5.4% | 15.7% | 13.2% |
| Bill Schultheis’ Coffeehouse Portfolio ETFs | 3.3% | 14.4% | 11.8% |
| Ben Stein Retirement | -2.6% | 12.4% | 10.9% |
Here is the detailed holdings of each portfolio. The 3rd column is the original portfolio percentage including bonds. The last column shows the equity weightings without bonds.
Details of IFA IndexFolio 100 are here.
| Symbol | % Allocation | % Equity Only | |
| WisdomTree | |||
| DTD | WISDOMTREE TTL DIV | 15% | 15% |
| EXT | WisdomTree Total Earnings Fund | 15% | 15% |
| DHS | WISDOMTREE H-Y EQ TR | 10% | 10% |
| DTH | WISDOMTREE DIEFA HY | 10% | 10% |
| DKA | International Energy Sector | 10% | 10% |
| DPN | International Consumer Non-Cyclical Index | 10% | 10% |
| EZY | WisdomTree Low P/E Fund | 10% | 10% |
| TOTAL | 100% | 100% | |
| Ben Stein 2007 | |||
| VTI | Vanguard Total Stock Market ETF | 35% | 35% |
| EFA | ISHARES MSCI EAFE FD | 20% | 20% |
| EEM | ISHARES MSCI E.M.I.F | 10% | 10% |
| ICF | ISHARES COHEN & STEERS REALTY | 10% | 10% |
| IWN | ISHARES RUSSELL 2000 VALUE INDEX FD | 10% | 10% |
| Cash | 15% | 15% | |
| TOTAL | 100% | 100% | |
| Ben Stein Retirement | |||
| RWR | DJ Wilshire REIT ETF | 50% | 50% |
| DVY | ISHARES DOW SEL DIV | 50% | 50% |
| TOTAL | 100% | 100% | |
| Jim Lowell’s Sower’s Growth Portfolio | |||
| EFA | ISHARES MSCI EAFE FD | 25% | 25% |
| IYY | ISHARE DJ TOT MKT IN | 15% | 15% |
| MDY | MidCap SPDRs | 15% | 15% |
| DIA | DIAMONDS | 10% | 10% |
| IWM | ISHARES RUSSELL 2000 INDEX FD | 10% | 10% |
| EEM | ISHARES MSCI E.M.I.F | 10% | 10% |
| ONEQ | Fidelity Nasdaq Composite Index Tracking Stock – Fidelity Nasdaq Composite Index Tracking Stock | 7.5% | 7.5% |
| PWC | PowerShares Dynamic Market Portfolio | 7.5% | 7.5% |
| 100% | 100% | ||
| Frank Armstrong’s Ideal Index Portfolio | |||
| VGTSX | Vanguard Total Intl Stock Index | 31% | 31% |
| VBISX | Vanguard Short-Term Bond Index | 30% | 30% |
| VISVX | Vanguard Small Cap Value Index | 9.25% | 9.25% |
| VIVAX | Vanguard Value Index | 9.25% | 9.25% |
| VGSIX | Vanguard REIT Index | 8% | 8% |
| VISGX | Vanguard Small Cap Growth Index | 6.25% | 6.25% |
| VFINX | Vanguard 500 Index | 6.25% | 6.25% |
| 100% | 100% | ||
| John Wasnik’s Nano Investment Portfolio | |||
| VTI | Vanguard Total Stock Market ETF | 20% | 33% |
| VGTSX | Vanguard Total Intl Stock Index | 20% | 33% |
| VNQ | Vanguard REIT ETF | 20% | 33% |
| TIP | ISHARES LEHMAN TIPS | 20% | 0% |
| AGG | iShares Lehman Aggregate Bond Fund | 20% | 0% |
| 100% | |||
| Andrew Tobias’ Lazy Portfolio | |||
| VTSMX | Vanguard Total Stock Mkt Idx | 33.30% | 50.00% |
| VGTSX | Vanguard Total Intl Stock Index | 33.30% | 50.00% |
| VIPSX | Vanguard Inflation-Protected Secs | 33.30% | 0.00% |
| 99.90% | 100.00% | ||
| William Bernstein’s Basic No-Brainer Portfolio | |||
| VFINX | Vanguard 500 Index | 25% | 33% |
| VTMSX | Vanguard Tax-Managed Small Cap Inv | 25% | 33% |
| VTMGX | Vanguard Tax-Managed Intl | 25% | 33% |
| VBISX | Vanguard Short-Term Bond Index | 25% | 0% |
| 100% | 100% | ||
| William Bernstein’s No Brainer Cowards Portfolio | |||
| VFSTX | Vanguard Short-Term Investment-Grade | 40% | |
| VTSMX | Vanguard Total Stock Mkt Idx | 15% | 1/4 |
| VISVX | Vanguard Small Cap Value Index | 10% | 17% |
| VIVAX | Vanguard Value Index | 10% | 17% |
| VEIEX | Vanguard Emerging Mkts Stock Idx | 5% | 8% |
| VEURX | Vanguard European Stock Index | 5% | 8% |
| VPACX | Vanguard Pacific Stock Index | 5% | 8% |
| VGSIX | Vanguard REIT Index | 5% | 8% |
| VTMSX | Vanguard Tax-Managed Small Cap Inv | 5% | 8% |
| 100% | 100% | ||
| Bill Schultheis’ Coffeehouse Portfolio Three ETF | |||
| VTI | Vanguard Total Stock Market ETF | 33.3% | 50.0% |
| EFV | ISHARES MSCI VLU IDX | 33.3% | 50.0% |
| AGG | iShares Lehman Aggregate Bond Fund | 33.3% | 0.0% |
| 100% | 100% | ||
| Bill Schultheis’ Coffeehouse Portfolio ETFs | |||
| AGG | iShares Lehman Aggregate Bond Fund | 40% | 0% |
| IVV | ISHARE S&P 500 INDX | 10% | 17% |
| IVE | ISHARE SP500 BAR VAL | 10% | 17% |
| EFA | ISHARES MSCI EAFE FD | 10% | 17% |
| IYR | ISHARE DJ R EST INX | 10% | 17% |
| IWN | ISHARES RUSSELL 2000 VALUE INDEX FD | 10% | 17% |
| JKJ | ISHARES MRGN SM CORE | 10% | 17% |
| 100% | 100% | ||
| Bill Schultheis’ Coffeehouse Portfolio Vanguard | |||
| VBMFX | Vanguard Total Bond Market Index | 40% | 0% |
| VFINX | Vanguard 500 Index | 10% | 17% |
| VIVAX | Vanguard Value Index | 10% | 17% |
| VGTSX | Vanguard Total Intl Stock Index | 10% | 17% |
| VGSIX | Vanguard REIT Index | 10% | 17% |
| VISVX | Vanguard Small Cap Value Index | 10% | 17% |
| NAESX | Vanguard Small Cap Index | 10% | 17% |
| 100% | 100% | ||
| David Swensen’s Lazy Portfolio | |||
| VTSMX | Vanguard Total Stock Mkt Idx | 30% | 43% |
| VGSIX | Vanguard REIT Index | 20% | 29% |
| VGTSX | Vanguard Total Intl Stock Index | 20% | 29% |
| VIPSX | Vanguard Inflation-Protected Secs | 15% | 0% |
| VFISX | Vanguard Short-Term Treasury | 15% | 0% |
| 100% | 100% | ||
| Scott Burns’ Couch Potato Portfolio | |||
| VTSMX | Vanguard Total Stock Mkt Idx | 50% | 100% |
| VIPSX | Vanguard Inflation-Protected Secs | 50% | 0% |
| 100% | 100% | ||
| Scott Burns’ Margarita Portfolio | |||
| VTSMX | Vanguard Total Stock Mkt Idx | 33.30% | 50.00% |
| VIPSX | Vanguard Inflation-Protected Secs | 33.30% | 0.00% |
| VGTSX | Vanguard Total Intl Stock Index | 33.30% | 50.00% |
| 99.90% | 100.00% | ||
| Scott Burns’ Four Square Portfolio | |||
| VTSMX | Vanguard Total Stock Mkt Idx | 25% | 33% |
| VIPSX | Vanguard Inflation-Protected Secs | 25% | |
| VGTSX | Vanguard Total Intl Stock Index | 25% | 33% |
| VGSIX | Vanguard REIT Index | 25% | 33% |
| 100% | 100% | ||
| Scott Burns’ Five Fold Portfolio | |||
| VTSMX | Vanguard Total Stock Mkt Idx | 20% | 33% |
| VIPSX | Vanguard Inflation-Protected Secs | 20% | |
| VGTSX | Vanguard Total Intl Stock Index | 20% | 33% |
| VGSIX | Vanguard REIT Index | 20% | 33% |
| BEGBX | American Century International Bd Inv | 20% | |
| 100% | 100% | ||
| Scott Burns’ Six Ways from Sunday Portfolio | |||
| VTSMX | Vanguard Total Stock Mkt Idx | 16.7% | 25.0% |
| VIPSX | Vanguard Inflation-Protected Secs | 16.7% | 0.0% |
| VGTSX | Vanguard Total Intl Stock Index | 16.7% | 25.0% |
| VGSIX | Vanguard REIT Index | 16.7% | 25.0% |
| BEGBX | American Century International Bd Inv | 16.7% | 0.0% |
| VGENX | Vanguard Energy | 16.7% | 25.0% |
| 100.0% | 100.0% | ||
| Ted Aronson’s Lazy Portfolio | |||
| VEIEX | Vanguard Emerging Mkts Stock Idx | 20% | 25% |
| VFINX | Vanguard 500 Index | 15% | 19% |
| VPACX | Vanguard Pacific Stock Index | 15% | 19% |
| VEXMX | Vanguard Extended Market Idx | 10% | 13% |
| VIPSX | Vanguard Inflation-Protected Secs | 10% | 0% |
| VEURX | Vanguard European Stock Index | 5% | 6% |
| VWEHX | Vanguard High-Yield Corporate | 5% | 0% |
| VUSTX | Vanguard Long-Term U.S. Treasury | 5% | 0% |
| VISGX | Vanguard Small Cap Growth Index | 5% | 6% |
| VISVX | Vanguard Small Cap Value Index | 5% | 6% |
| VTSMX | Vanguard Total Stock Mkt Idx | 5% | 6% |
| 100% | 100% | ||
| Merriman Vanguard Equity | |||
| VFINX | Vanguard 500 Index | 10.00% | 10.00% |
| VIVAX | Vanguard Value Index | 10.00% | 10.00% |
| NAESX | Vanguard Small Cap Index | 10.00% | 10.00% |
| VISVX | Vanguard Small Cap Value Index | 10% | 10% |
| VGSIX | Vanguard REIT Index | 10% | 10% |
| VDMIX | Vanguard Developed Markets Index | 20% | 20% |
| VTRIX | Vanguard International Value | 20% | 20% |
| VEIEX | Vanguard Emerging Mkts Stock Idx | 10% | 10% |
| 100.00% | 100.00% | ||
| Mad Money Machine: Do It Yourself | |||
| VFINX | Vanguard 500 Index | 12.00% | 12.00% |
| VIVAX | Vanguard Value Index | 12.00% | 12.00% |
| VISVX | Vanguard Small Cap Value Index | 20.00% | 20.00% |
| VISVX | Vanguard Small Cap Value Index | 10% | 10% |
| BRSIX | Bridgeway Ultra-Small Company | 20% | 20% |
| VGSIX | Vanguard REIT Index | 5% | 5% |
| VTRIX | Vanguard International Value | 9% | 9% |
| VINEX | Vanguard International Explorer(closed) | 9% | 9% |
| VEIEX | Vanguard Emerging Mkts Index | 13% | 13% |
| 100.00% | 100.00% | ||
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Paul,
Why is there a difference between your counting and IFA’s counting regarding the portfolio 100 return?
The MarketWatch Virtual Stock Exchange is what I used to simulate the IndexFolio 100 by buying each of the funds on the first day.
As we have come to find out, the VSE system is not all that reliable: it doesn’t reinvest dividends, do splits, do spin offs, etc.
I really should have just relied on IFA’s numbers and not tried to simulated it. You get what you pay for, I guess.