![\"Millikan](\"https:\/\/itawealth.com\/wp-content\/uploads\/2025\/05\/Iris-3.jpg\" "\\"Millikan")
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On again, off again tariff threats are constantly roiling the stock and bond markets.\u00a0 This morning the direction happens to be to the upside.\u00a0 When in a dark room filled with furniture \u2013 stand still.\u00a0 That is the attitude businesses have as it is most difficult to plan for the future when uncertainty abounds.\u00a0 One way to \u201cstand still\u201d when it comes to portfolio management is to invest in low volatile securities such as short-term treasuries.\u00a0 That is why I am setting Trailing Stop Loss Orders of around 3% on equity holdings and when sold, use the cash to invest in SHV.\u00a0 SHV is my \u201cstand still\u201d security.<\/p>\n
This morning I added another 27 shares of SHV to the Millikan Portfolio, thus using up all available cash.<\/p>\n
Millikan Security Holdings<\/strong><\/p>\n Below is the current makeup of the Millikan portfolio.\u00a0 At this point I have not placed a TSLO under SCHD, but will likely do so sometime after the second quarter comes to a close.\u00a0 Listening to sharp economists, the tariffs will most likely hit during the third and fourth quarters of this year.<\/p>\n Today\u2019s up spike is most likely a \u201cdead cat bounce.\u201d\u00a0 Better economic minds than mine are sending out dire warnings so pay attention.<\/p>\n Millikan Performance Data<\/strong><\/p>\n Since 12\/31\/2021 the Millikan has far outperformed the AOR benchmark and is besting the other five standards I\u2019m tracking using the Investment Account Manager<\/a><\/strong><\/em><\/span> software.<\/p>\n Millikan Risk Ratios<\/strong><\/p>\n A risk ratios are well ahead of where they were in May of 2024.\u00a0 Most encouraging is the uptick in the Jensen Alpha value since this past April.\u00a0 Since January the portfolio did lose ground to the benchmark.\u00a0 For this trend check the Information Ratio<\/a><\/strong><\/em><\/span>.<\/p>\n One goal is to sustain the positive slope for the Jensen, the most important risk ratio.<\/p>\n Buffett Indicator & Shiller PE Ratio<\/a><\/p>\n<\/blockquote>\n![\"Millikan](\"https:\/\/itawealth.com\/wp-content\/uploads\/2025\/05\/1-12.jpg\" "\\"Millikan")
<\/p>\n![\"Millikan](\"https:\/\/itawealth.com\/wp-content\/uploads\/2025\/05\/3-12.jpg\" "\\"Millikan")
<\/p>\n![\"Millikan](\"https:\/\/itawealth.com\/wp-content\/uploads\/2025\/05\/4-12.jpg\" "\\"Millikan")
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