Portfolio Performance, Market Behavior as of 6/30/2017 Posted Here

The quarter just ended one business day ago and already we have posted our 6/30/2017 Model Portfolio performance data found here.

The quarterly market review is posted here. It quickly informs you what happened in last quarter and first 6 months of year as well as longer term. The last two pages of the quarterly market review reports on the relationship of stock market performance and interest rates. Most assume that the relationship is clear- guess again.

In a week or two we’ll have our 401(k) numbers and will add them here.

What happened in the last quarter and first 6 months in our portfolios. Well, steady goes the ship – boringly good.  The 100% stock portfolio is up about 8% for the year and just under 3% for quarter. Volatility is low. Some industry pundits are saying, “This is scary that it is not scary”. Their worry is that something will upset the apple cart and the market will get more volatile. My reaction, “”Of course, that will happen – it is NORMAL! And there’s nothing you can do about it – except try not to watch the market that closely!” Ok, ok, I will get off my soapbox!

So what’s been happening with various asset classes in recent times? The “rest of the world” stock index that we show as a benchmark in our model data has been on a tear compared to its performance over the last 18 1/2 years. It was up 14.1% last six months and 5.8% last quarter. To enjoy that you have to own it which our clients do in the DFIEX International Core Equity fund up 14.4% last 6 months.

Over the year ending 6/30/2017 – small cap still wins, up 24.6% if you use the Russell 2000 as your indicator. The S&P500 and Rest of the World indexes come in at 17.9% and 20.5% respectively.  The Russell 2000 won the first 6 month of the last 12. The last 6 months has been owned by the Rest of World and S&P500.

Where was the best growth last 12 months? The DFA “Continental Small Company Portfolio” – European small companies – up 33.8% in the 12 months ending 6/30/2017. Though that specific fund in not in our portfolios – the companies in it are in the DFIEX International Core Equity Fund.

 

If you have any questions

Email Me

Or would like to talk further

(760) 804-0910