Re-balance Cycle Reminder All MyPlanIQ’s newsletters are archived here.

Regular AAC (Asset Allocation Composite), SAA and TAA portfolios are always rebalanced on the first trading day of a month. the next re-balance will be on Monday October 2 2023. 

As a reminder to expert users: advanced portfolios are still re-balanced based on their original re-balance schedules and they are not the same as those used in Strategic and Tactical Asset Allocation (SAA and TAA) portfolios of a plan.

Newsletter Collection Update

Latest update on 9/11/2023

Previous update on 12/19/2022

Highlighted are the recent articles.

We have published numerous newsletters over the years and many readers have asked us to categorize and summarize our previous newsletters as they tend to cover various topics. We believe this is a good idea as many of them provide useful information that can be useful for both new and old users. We highly encourage users to read these newsletters as understanding many issues and our methodology is an inherent part of using our service. In the following, we select and list some newsletters in each category.

Portfolio Management

Asset Allocation and Other Investment Strategies

Asset Allocation Composite:



Asset Behavior

Strategic and Timing

Fund Selection

Core Satellite and Multiple Strategies

Momentum Strategies and their behavior. How various asset allocation strategies work in different market cycles

Strategy and Portfolio Evaluation

Risk Parity, Four Pillar and Permanent Portfolios

More newsletters can be found in these articles:

Portfolio Rebalance & Daily Management

Risk Management & Investor Behavior

Portfolio risk management techniques and issues.

Investment Philosophy

Fixed Income, Dividend, Total Return Bond Funds & Conservative Allocation

The following newsletters address many concerns for retiree, conservative and income investors.

Fund Review

Factor ETFs

General mutual funds and ETFs

Financial Planning & Retirement

Cash Management

Features & System Q&As

These newsletters address new features and how to for our system usage.

Existing Portfolio Performance Reviews

In general, we review various portfolio performance in each newsletter. However, you can get latest up to date  performance result and comparison by clicking on links below portfolio comparison tables listed in our quarterly or annual review newsletters:

Portfolios suggested by advisors and brokerages

Market Overview

We now entering September, a month when stocks usually perform poorly. Let’s take a brief look at the recent major asset price trends: 

Major asset trends (as of 09/08/2023)

Description Symbol 4 Weeks 13 Weeks 52 Weeks Trend Score
US Stocks VTI -0.17% 4.3% 12.05% 6.22%
US High Yield Bonds JNK 0.85% 3.26% 11.85% 4.79%
International Developed Stks VEA -2.45% -0.61% 16.2% 3.45%
Treasury Bills SHV 0.82% 2.54% 8.37% 3.35%
Total US Bonds BND 0.22% -0.57% 1.94% 0.41%
Emerging Market Stks VWO -1.54% -1.08% 1.57% 0.09%
US Equity REITs VNQ -2.1% 0.92% -6.61% -0.72%

It’s striking to see that other than US stocks and international stocks, all other assets have lower trend scores than Cash or Treasury Bills. Among stocks, emerging market stocks and US REITs are all less favorable than cash. Furthermore, general bonds or intermediate bonds are underperforming cash too. However, for some total return bond funds, they might be able to utilize the strength of high yield bonds and boost their returns better than cash by having some allocation to high yield bonds. This is why our total return bond fund based portfolios have been able to consistently derive better returns than bond index funds. See our fixed income portfolio page for more information. 

Higher interest rates make higher cash returns and that will in turn make other risk assets such as stocks less favorable. At the moment, unless economy rapidly cools down, we see interest rates will be elevated for a while. Interest rate sensitive sectors like REITs will be also under pressure in the near future unless rates are coming down. 

As always, we call for staying the course which is guided by the well defined and sound strategic and tactical strategies:

  • For strategic allocation (buy and hold) investors, ignore the current market behavior. Remember, as we have emphasized numerous times, when you choose and commit to a strategic portfolio, you essentially know and commit that your investment horizon (or the time you need to utilize this capital) is 20 years, preferably much longer, given the current high valuation. As we pointed out, if your investments are those diversified (index) funds such as an S&P 500 index fund (VFINX, for example), you know your money is in some solid ‘business’ that eventually (20 years later and preferably many more years later) will deliver some reasonable returns. As long as you are comfortable with this thesis, you should sit tight and forget about the current gyration.
  • For tactical investors, again, you have to ignore the current market noise. Furthermore, you should follow your strategy rigorously, especially during this time. Human emotion, both optimistic and pessimistic, and human desire, both greedy and fearful, are your worst enemies. This is true time and time again.

Stock valuation has dropped, and now valuation is becoming less hostile. However, it is still not cheap by historical standards. For the moment, we believe it’s prudent to be extra cautious. However, how serious a correction might be, we have confidence in the US economy in the long term and thus in the stocks in aggregate. We just need to manage through interim losses carefully.

We again would like to emphasize that for any new investor and new money, the best way to step into this kind of market is through dollar cost average (DCA), i.e., invest and/or follow a model portfolio in several phases (such as 2 or 3 months) instead of the whole sum at one shot.


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