First Quarter 2017 CommentaryDownload
According to an article in the March 21, 2017 Wall Street Journal: The Standard & Poor’s 500 (“S&P 500”) dropped 1.2% to close at 2,344.02, the benchmark’s biggest slide of 20171. It was the first time the index fell more than 1% in a day since October 11, 2016, the longest such stretch since 1995. Our generally conservative, defensive rising dividend portfolios have tended to perform, or hold up, best in challenging markets. Since inception (September 30, 2011), on what we call “big down days,” when the market as measured by the S&P 500 dropped 1% or more, our two separately managed account portfolios outperformed the broad market about 90% of the time. We believe that full-time market participation and patience are still critical, and that getting paid potentially rising dividends helps investors get in and stay in the stock market.