I published monthly asset allocations and performance as per the issues May-August 2011. I hope the record will be handy to understand what to expect from the MI subscription. Monthly average returns are calculated as geometric mean. 0.08% currently. Add Comment 1.78% annual return since inception: not bad, compared with Blackrock's and GMO global allocation funds! I am pushing for a more clear and regular schedule of my monthly updates. My intention is to publish every first weekend in the first full week of each month. Subsequently, portfolio will be re-balanced on Friday before the publication. One week into the month will minimize any end of month ‘window-dressing’ or seasonality effects, at the same time it hopefully enriches your menu, already full of products tied to the ’round calendar’ (month, quarter, year). So, next issue is on September 10th, and transactions are to be done on Sept 9th, if any. So far the ELP model has almost avoided the losses of the summer 2011 sell off. We’ve started August with a small exposure to risky assets and an emphasis on quality U.S. companies in the equity portion. It will be interesting to see what the models are calling for in September, a historically least profitable month of the year, which opens a historically most volatile season based on the S&P500 data. Shall we dump all equities? Are the U.S. treasuries providing protection? Stay tuned. |
