DTE Energy Co. (DTE)

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  • commenter
    RVER
    Jul 21 02:54 PM
    The Top Dividend Paying ETFs and Stocks [view article]
    I,m investing money I can not replace. I am 82 and need a income to keep up and cover riseing cost of living. Safety is a concern. Can you consider the S&P ratings also . Thanks ..... RVER Reply
  • commenter
    StigmaII
    Jul 12 06:39 PM
    Ten Highest Yielding Electric Utility Stocks [view article]
    Since this was published 15 months ago, the price of coal has gone up. How much has that affected the list yields? Do these still range as the highest? If not, could you publish a revised list? Would be great for the current market.

    Thanks     Reply
  • commenter
    Vig Oren
    Apr 28 04:09 PM
    Global Giants and Diversifiers To Supercharge a Portfolio [view article]
    BTW, M* Portfolio Manager now shows 3 years standard deviation of a portfolio. It also shows Expected Annual Return in the Asset Allocator (AA) tool. When I entered Geoff's "modified David Swensen's" allocation into these M* tools I got the three years SD at 11.45, same as Geoff got from the QPP. However, the expected annual return at the AA tool shows 7.5% vs. Geoff's at about 10% for the next three years. It would be interesting to wait and see which is right. M* AA also shows a possible 3 month loss of 10.3%, for this allocation (from today). Reply
  • commenter
    Vig Oren
    Apr 28 03:27 PM
    Global Giants and Diversifiers To Supercharge a Portfolio [view article]
    Hi, since when Morningstar's Portfolio Manager, in the "Transaction"... mode, updates account's (ticker's) number of shares without entering it manually, all the time? Reply
  • commenter
    Moses
    Apr 07 03:24 PM
    Updated Short Interest Data [view article]
    Shorts got creamed on WaMu today Reply
  • commenter
    SeekingAlpha
    Editors
    Apr 06 05:16 AM
    My Website
    General Discussion on DTE
    Is this a buy or a sell? Reply
  • commenter
    Phil DeMuth
    Feb 18 04:57 PM
    Global Giants and Diversifiers To Supercharge a Portfolio [view article]
    Hi Roger --

    Yes, you can calculate the monthly returns based on Yahoo! historical quotes or you can enter a transaction portfolio into Morningstar and they will keep track of it for you. You would still need to use Yahoo! to get the historical prices when you set up the portfolio, but from then on Morningstar would have it on autopilot for you. Good luck with it.     Reply
  • commenter
    Roger Beep
    Feb 16 05:10 PM
    Global Giants and Diversifiers To Supercharge a Portfolio [view article]
    Hi Phil;

    I might try it. I have a few concerns about undertaking this project. One concern I have is determine the actual monthly return on the Global Giants and Diversifiers Individual Stock portfolio. If I personally held that portfolio the brokerage firm would tell me what the monthly return was.

    Let me step you thought how I might determine the monthly return and then you may wish to comment. Since this portfolio represents several years of investing experience and a few generations of portfolio development as per the Supercharge book I am going to assume $100K in total assets -- in reality it should be more but for the sake of modeling I will stipulate $100K.

    Using Yahoo Finance I think I can determine the closing price of a stock for any particular trading day. I will assume I bought all of the holdings on 12/31/2006. I am unclear how I could from a retrospective point of view determine the monthly return on the portfolio, including the dividends.

    Additionally, I would like to automate future monthly return data so I did not have to be scheduled in front of my computer to get that month's return data. From where I stand there are some practical considerations that I would need to figure out and for that reason I may not be able to undertake this project at least right away. For example, I anticipate having to write a macro for Excel to call the data that I would need. I am not that skilled at Excel but for a guy that self-taught himself computing in the old DOS days I feel like I could probably take it on. This could be a great learning experience for me after I clear the deck on a couple of other intense projects I have currently under taken.

    Also, I appreciate your observations about the extremes, the tail values and what they portend for a porfolio's risk vs. return and the median expected return vs. 1st percentile loss.
    Reply
  • commenter
    Phil DeMuth
    Feb 16 01:42 PM
    Global Giants and Diversifiers To Supercharge a Portfolio [view article]
    Hi Roger -- You'll get no argument from me here, I love charts. Perhaps Geoff will put this idea in the hopper for QPP version 5.0. In the mean time, if you have QPP, you can enter the tickers and date ranges and do the analysis yourself.

    Imagine that the 25%ile rank showed a loss of 1%. Then, a year later, the portfolio is down 1%. Is that a successful prediction? Perhaps. It would take a lot of samples to confirm -- you are likely to run out of lifetime before you accumulate enough data points, and by then it will be too late anyway.

    So it's really the tails that are of interest, and why the past few months are so relevant to examine here. Since the whole thing is based on the currently unfashionable but nevertheless highly relevant normal distribution curve, all the information (Mean - 2SDs, for example) is really contained in the tail values. Unless I'm mistaken, the shape of the chart in every case would be a standard curve.

    The issue of how to graphically present the risk/return tradeoffs in the most compelling way is one I often think about. For clients, I might present it as median expected return vs. 1 percentile loss at different equity allocations. I think this is more communicative than just mean vs. standard deviation.


    Reply
  • commenter
    Roger Beep
    Feb 16 12:12 PM
    Global Giants and Diversifiers To Supercharge a Portfolio [view article]
    Hi Phi;

    I appreciate you thoughts regarding taking a rather unsophisticated view of things, the 1st percentile risk, estimated median returns and endless attention to returns. What I really liked about the flow of the Supercharge book was the emphasis on risk and with examples showing us what to avoid up front and then moving on to core holding portfolios using indexes and ending up with an all stock portfolio that was developed with QPP.

    I could live with the "unsophisticated view" that you mentioned if I or perhaps you had developed the Individual Stock Portfolio that appears in the Supercharge book for my personal use. And on a practical level I think you are correct. However, as a purchaser of the Supercharge book and QPP I would like to see more on the predictive validity of QPP using the example portfolios.

    That is the reason for advancing a standardized graphical assessment. For example, the standard deviation (S.D.) levels from page 6 of QPP can be visually represented by the frequency envelope about the median using the Excel chart. I believe this can be varied by the user to reflect various S.D. levels. As I recall an X2 (read as “times 2”) frequency envelope is a ± 0.66 S.D. This all done graphically without having to resort to complicated statistical procedures. Most end users would much prefer a picture (chart) of these matters as opposed to confirmatory statistical data or summative comments about declines and gains. The upshot is one would be able to graphically see how QPP tracks to actual returns over time. In other words we would have a graphical picture of QPP’s predictive validity given the portfolio examples in the Supercharge book.
    Reply
  • commenter
    Phil DeMuth
    Feb 15 11:12 PM
    Global Giants and Diversifiers To Supercharge a Portfolio [view article]
    Mike & Geoff: Thank you for your comments.

    Roger: Thank you for your helpful suggestion. I tend to take a rather unsophisticated view of these things. I look at where the estimated median returns are, and then I look at the 1st percentile value-at-risk for an educated guess as to what I might experience in a really terrible year, short of World War III. Then, if I can't do the time, I don't do the crime, and I make adjustments. As for the upside, I figure it will take care of itself. As Peter Bernstein says, I can't control the returns, but I can control (at least to some extent) the risk. This is part of the message of the book as well. We see people devoting endless attention to returns but insufficient attention to risk.     Reply
  • commenter
    Roger Beep
    Feb 15 07:03 PM
    Global Giants and Diversifiers To Supercharge a Portfolio [view article]
    Hi Phil;

    I thought that this was another well written article. In addition to the "inputs" or holdings portion of the portfolio I would like to see a chart of the "outputs" to include the portfolio’s projected return using QPP's forward looking analysis using perhaps the 1st, 5th 10th, 20th and 50th (Median) values from p. 6 of QPP and the actual monthly return. I invite you to examine a standardized Excel chart template for this purpose which is resourced at harderchartingtemplate.../ and listed as SCCFB_mcpm_v7_1.xls. This chart covers a ten year period for each month. See the "LineFree" chart. It appears that BlueLine and LineFree have been switched. It should read "BlueLine." This would allow for comparisons using a standardized charting metric.
    Reply
  • commenter
    Geoff
    Considine
    Feb 14 06:48 PM
    My Website
    Global Giants and Diversifiers To Supercharge a Portfolio [view article]
    Note also that the EXPECTED return for this portfolio was higher than the historical trailing return. Reversion to the mean was set to act in favor of this portfolio. This is an attribute that I like in a portfolio and was not true of a number of broad indexes at the time. Reply
  • commenter
    granger
    Feb 14 10:36 AM
    Global Giants and Diversifiers To Supercharge a Portfolio [view article]
    Myabe the makings of a semi-actively managed ETF. I would rather on an ETF designed like that, then a market blanket one.

    Good stuff, keep us posted. I thorughly enjoyed it.     Reply
  • commenter
    sunrises
    Nov 03 03:26 AM
    The Top Dividend Paying ETFs and Stocks [view article]
    Hello. Is there an Emerging Market ETF that has included Alibaba.com ipo there holdings? Or, is there a new ETF which includes alibaba.com for those who cannot purshares the shares for quite some time? Reply

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