Powerfund Portfolios Performance Review

Powerfund Portfolios Commentary

September 2003 performance review

October 3, 2003
Category: 
Powerfund Portfolios

Stocks were down slightly in September while bonds rebounded strongly. The Conservative portfolio, being mostly bonds, was up smartly, logging in a 2.8% gain for the month. Over the last three months the portfolio was up 2.46%, while over the last year it has risen 17.4% ...read the rest of this article»

August 2003 performance review

September 15, 2003
Category: 
Powerfund Portfolios

August saw the Conservative portfolio move up just shy of 1%. The bigger movers included the Vanguard Dividend Growth fund, up 2.35% and the newly added Pictet International Small Company fund, up 5.7%. This latter fund is a bit risky, but the relatively small position keeps it from generating too much risk to the portfolio. ...read the rest of this article»

July 2003 performance review

August 15, 2003
Category: 
Powerfund Portfolios

For the month of July the Conservative portfolio slipped 1.25%. our worst showing of any of our model portfolios. The culprit: one of the lousiest months on record for bonds (the conservative portfolio is bond heavy). Most of the punishment was in longer-term government bonds, which were down almost 10% for the month. We don’t own much of these types of bonds, so the damage was somewhat blunted for us. ...read the rest of this article»

June 2003 performance review

July 15, 2003
Category: 
Powerfund Portfolios

Our Conservative portfolio was essentially flat, up just .36% in June. The weak link was international bonds, which have been among the strongest asset classes over the last year or so. ...read the rest of this article»

May 2003 performance review

June 15, 2003
Category: 
Powerfund Portfolios

The Conservative portfolio was up 5% in May, beating April’s return of 3.31%, which had been the largest return in a month since we started the portfolio. The Portfolio is now up 9% since its April ’01 inception. We’re pleased with this return considering the fact that the stock market as a whole is down 20% for the same period. ...read the rest of this article»

April 2003 performance review

May 15, 2003
Category: 
Powerfund Portfolios

The Conservative portfolio made its biggest one month move to date, up 3.3%. Bonds and stocks were both strong this month and didn’t cancel each other out like they have in other months. Every fund in the portfolio was up this month. As we mentioned in this months newsletter, this type of convergence can raise risk. ...read the rest of this article»

March 2003 performance review

April 15, 2003
Category: 
Powerfund Portfolios

The Conservative portfolio was up .68% in March. Stocks were up in March, with the S&P 500 and Dow up about 1% and 1.5% respectively. Long-term US government bonds were down about 1.2% in March, but all our bond fund choices were up in this portfolio. We don’t feel longer term US government bonds are the place to be right now. If rates climb fast, our bond fund choices will likely lose money also, just not as badly as we think government bonds will fall. We’re considering investing in a variable rate fund here shortly. ...read the rest of this article»

February 2003 performance review

March 15, 2003
Category: 
Powerfund Portfolios

The Conservative portfolio was almost completely flat in February. The positive action was again from bond funds. Bonds were strong on investor's fear of war and stocks across the board, with the portfolio's high yield, foreign, and investment grade U.S. bond funds all up over 1%. ...read the rest of this article»

January 2003 performance review

February 15, 2003
Category: 
Powerfund Portfolios

The conservative portfolio was down 0.20% for the month of January. The standout again was the American Century International bond fund (BEGBX) up 2.87% for the month. Remember two months when we said the dollar was about to start working in the favor of international investments again? We're still considering lightening up a bit on our foreign bond positions or moving to a hedged bond fund. ...read the rest of this article»

December 2002 performance review

January 15, 2003
Category: 
Powerfund Portfolios

The conservative portfolio was up 1.14% for the month of December, but the positive action was mostly from bond funds this month. The standout was the American Century International bond fund (BEGBX) up an astounding 6.52% for the month. Remember last month when we said the dollar was about to start working in the favor of international investments again? Basically 85% of that return was the result of the US dollar falling. ...read the rest of this article»

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