Sunday, November 25, 2012

Long- Term Value portfolio Updated 11/23/12

For abbreviated trading week ended November 23, the Long-term Value Portfolio gained 3.3% and is again in the black with a 0.5% gain since inception.


graph of fund vs. market indexes
That said, the S&P 500 gained 3.6% on the week and the portfolio slipped to a 290 basis point loss versus the return on the market. I am thinking that portfolio's sector positioning is hurting the portfolio's performance and may be dampening any potential effects of the technical measure used to derive investments. This opinion is taking into account the portfolio's outsized weighting in more cyclical sectors and its beta of 1.16. I intend to reposition the portfolio over the coming weeks to lessen the affects of the cyclical and non-cyclical stocks.

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