Just like last quarter, I was ahead of the S&P 500 by several percentage points heading into the final week. And, just like last quarter, I remained stubbornly bearish while the market raced ahead.
Had I simply been in “market perform” mode during those two final weeks, I would be beating the market by over 10% so far on the year. Cash is dangerous!
2011 Q2
S&P 500: +0%
My Portfolio: +2.1%
Relative Performance to S&P 500: +2.1%
2011 YTD
S&P 500: +5%
My Portfolio: +4.5%
Relative Performance to S&P 500: –0.5%
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