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. | 
