Timothy Middleton began his career in financial journalism in 1982. He is the mutual funds columnist for MSN Money and formerly for The New York Times. Twice nominated for the Pulitzer Prize in investigative journalism and author of the book “The Bond King: Investment Secrets from PIMCO's Bill Gross,” Tim also provides weekend business reports to WCBS News Radio 880 in New York City.

Tim established his first model ETF portfolio in 2003 at MSN Money. Despite significant non-equity holdings, it has beaten the market by 20% a year, racking up a 60.5% return, or 12.6% annualized, since it was launched on Nov. 28, 2003. In the same four years, the S&P 500 Index advanced 49.3%, or 10.5% annualized. Also over that period, the average moderate asset-allocation fund in the Morningstar Inc. database, the group to which Tim's model would belong if it were a mutual fund, gained 39.4%, or 8.6% annualized. If the model were a moderate asset allocation mutual fund, it would have ranked in the top four percent for the period, beating 96% of rival portfolios.