Author : John E. Charalambakis
Date : January 3, 2011
Yesterday we ran performance reports for our portfolios1. Our composite return across all portfolios was 18.11%. For comparison, our aggressive portfolio’s aggregate return was 35.95%. Annualized, these figures would exceed 35% and 50%, respectively. We started tracking performance in this format in July of this year. Please note that we have maintained a fairly large allocation to cash throughout the year in these portfolios.
The investment climate for the New Year is being molded nowadays, and it seems that it may turn out to be a watershed moment in the investment world. Let us clarify:
Assuming then a return to the more normalized conditions, we estimate that events may unfold as follows, and hence the structure of portfolios will strategically be shaped accordingly:
Feel free to call or email us if we could be of any assistance.
Happy New Year!
1Composite performance results for our portfolios represent actual total returns for all full discretion accounts since 7/22/10 through 12/28/10. The inception date is when we began tracking our strategies on a composite basis. This performance is net-of-fee composite returns are calculated on a time weighted basis and include transaction costs, management fee and investment of dividends. Past performance is no guarantee of future results. Further information on performance is available upon request.
Performance data quoted represents historically achieved results and is no guarantee of future performance. Future investments may be made under different economic conditions, in different securities and using different investment strategies. The value of an investment may fall as well as rise. Please note that different types of investments involve varying degrees of risk and there can be no assurance that any specific investment will either be suitable or profitable for a client or prospective client’s investment portfolio. Investor principal is not guaranteed and investors may not receive the full amount of their investment at the time of redemption if asset values have fallen.
Performance is expressed in US dollars. Actual performance may differ from composite returns, depending on the size of the account, brokerage commissions, investment guidelines and/or restrictions, inception date and other factors. Care should be used when comparing these results to those published by other investment advisors, other investment vehicles and unmanaged indices due to possible differences in calculation methods.