With the Income Portfolio finishing up its first full year, up 10% since April 2014, and the Balanced Equity (formerly 'Model Portfolio') portfolio still going strong, up 85% since inception (March 18, 2013), we thought we would go over some recent changes to the portfolios as well as some housekeeping items.
First, as most members are likely aware by now, we have changed the name of the 'Model Portfolio' to 'Balanced Equity' to help alleviate some confusion with naming conventions now that we have three portfolios.
Second, past performance does not guarantee future returns – We are happy that the other portfolios have done well so far but this is by no means an indicator of how the growth portfolio (or the current portfolios) will perform going forward.
As always, diversification is key and most members should not be ‘all-in’ on any single model portfolio. It is important to consider your personal situation and needs when considering any of the portfolios.
We also plan to change the layout of the portfolio reporting. The data included in these reports will be much less cumbersome and much more detailed so while adjusting to a change like this can be difficult, we ask for some understanding and patience in this transition. We hope to roll the changes out in our next month's report if all goes as planned.
Now let’s look at the changes to the Balanced Equity portfolio:
We have decided to sell the following names: