Powerfund Portfolios Performance Review

Powerfund Portfolios Commentary

May 2010 Performance Review

June 15, 2010
Category: 
Powerfund Portfolios

May was the first truly bad month for stocks and higher-risk bonds since the great comeback that started a little over a year ago. The only fund categories that were up, besides funds that short, were municipal bond funds and federal government bond funds. Funny how whenever there is a global panic of any size investors pile into what is supposedly the root of all evil in the economy, fiscally irresponsible governments. ...read the rest of this article»

April 2010 Performance Review

May 20, 2010
Category: 
Powerfund Portfolios

Europe is falling out of favor with investors fast, as if it’s finally dawning on the world that all this money going overseas to avoid America’s dismal future may have invested in an even worse one. The US dollar wasn’t going to fall forever, and European economies were no better than America’s, with all the things investors supposedly hate about America and then some: high unemployment, expensive government spending programs, debts, etc. ...read the rest of this article»

March 2010 Performance Review

April 19, 2010
Category: 
Powerfund Portfolios

Stocks are heating up. February’s roughly 3% return was doubled in March with a 6% increase in the S&P 500. Tech stocks logged in another market-beating month as the Nasdaq rose 7.14%, eclipsed by even hotter small-cap stocks which took the Russell 2000 up 8.14%. It’s as if everybody started getting sick of low yields on cash and CDs all at once. Most stock fund categories performed close to the S&P 500 in March. ...read the rest of this article»

February 2010 Performance Review

March 17, 2010
Category: 
Powerfund Portfolios

In February the S&P 500 rebounded 3.09%, erasing most of January’s decline and leaving the index down 0.61% for the year (though still up some 53% for the last twelve months – a period starting at about the bottom of the market during the financial panic). Our average model portfolio is essentially flat, down 0.05% for these first two months of 2010. ...read the rest of this article»

January 2010 Performance Review

February 16, 2010
Category: 
Powerfund Portfolios

Just about everything that went up faster in the comeback slipped harder in January. The Nasdaq slid 5.37% (though small caps were down 3.68%) more in line with the larger caps in the S&P500. Interest rates dipped down with long term treasuries returning about 2.5% for the month. Surprisingly, high-yield junk bonds were up for the month, bucking the overall trend of the meek doing better in January. ...read the rest of this article»

December 2009 Performance Review

January 19, 2010
Category: 
Powerfund Portfolios

Normally when the S&P 500 goes pretty much straight up in a short period of time, as it has since the early March lows, we would expect to underperform because our portfolios tend to have some bonds or cash weighting them down, a performance gap we tend to makeup during the next downturn or as our out-of-favor funds start to beat the market.  ...read the rest of this article»

November 2009 Performance Review

December 16, 2009
Category: 
Powerfund Portfolios

The S&P 500 rose just under 6% in November -- enough to bring us to a 25% gain for the year (though the market is still down by 16% over the last three years). The Dow had an even bigger month, scoring a near 7% return. The Nasdaq posted a 4.87% gain. In general larger-cap stocks beat smaller caps, with the Russell 2000 small cap index delivering a ho-hum-by-comparison 3.14% advance. Interest rates crept back down delivering a 1.68% return for long-term bond holders, though the one-year performance is only 1.4% ...read the rest of this article»

October 2009 Performance Review

November 17, 2009
Category: 
Powerfund Portfolios

Well it couldn’t keep going straight up…After seven months in a row of gains (save for a basically flat June), the S&P 500 took a breather and slipped 1.87% in October. As it turns out, our buys in March were well timed. Too bad we cashed out a little too early on some of the fastest gainers in this rebound. ...read the rest of this article»

September 2009 Performance Review

October 20, 2009
Category: 
Powerfund Portfolios

The rebound continues. How time flies. It almost seems like years ago – not a mere six months – that the financial world was crashing down around us. If this continues we’ll be setting new records in how quickly bad times can be fixed by merely reinflating new bubbles. The real estate bubble took a few years to pull us out of the tech bubble / Nasdaq crash. ...read the rest of this article»

August 2009 Performance Review

September 17, 2009
Category: 
Powerfund Portfolios

In August, just about everything went up. The S&P 500 rose 3.6%, pushing the year-to-date return on the market further into double-digit territory. The Nasdaq, which had been leading from the market low in early March, was up just 1.55% for the month. Small-cap stocks were somewhere in the middle with the Russell 2000 index gaining 2.87%. Even bonds had a good month as interest rates turned back down in the face of signs the economy was on the mend. Longer-term government bonds were up 1.78%, while the total bond market posted a just over 1% gain. ...read the rest of this article»

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