Market insight and a highlight of Cabana’s year-to-date performance:
Cabana’s six portfolios range from “Conservative” to “Aggressive” and include an income strategy portfolio. Performance is as of market close on February 5, 2018 and is presented net of maximum advisory fees and commissions.
All of our Cabana Portfolios took it on the chin over the past week and erased almost or all of the gains seen in January. While our portfolios are hedged to varying degrees in the current scene and outperformed the broad markets, it wasn’t pretty or fun for any of us. The reality, however, is that the selloff in all assets (except the U.S. Dollar) is necessary and healthy for long-term investors. It was also expected and for obvious reasons. See my comments from last Tuesday for my thoughts at that time here. Over the past week, our core portfolios were down between -3.29% (Alpha Income) and -6.24% (Aggressive). I believe there will be more up and down markets over the next few weeks as stock, bond and commodity markets adjust to some demand side growth, inflation and rising rates. It has been a long time since markets were asked to operate without the help of Central Bankers. Much like watching a kid riding his bike for the first time without training wheels – it’s going to be wobbly at first. Hang in there. We will remain disciplined and stick to rules-based investing.
Year-to-date net-of-fees performance:
ALPHA INCOME: -1.60%
Performance is presented net of the maximum advisory fees and commissions (2%). Numbers indicated with (+) for positive return and (-) for negative return.
-G. Chadd Mason, CEO
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Past performance may not be indicative of future returns. No current or prospective client should assume that the future performance of any specific investment or strategy will be profitable or equal to past performance levels.
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Historical performance results for investment indexes and/or categories typically do not show the impact of transaction and/or custodial charges or the deduction of an advisory fee, which may decrease historical performance results. There can be no assurances that a strategy will match or exceed its benchmark.
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Different types of investments involve higher and lower levels of risk. There is no guarantee that a specific investment or strategy will be suitable or profitable for an investor’s portfolio. There are no assurances that a portfolio will match or exceed any particular benchmark.
Cabana LLC manages assets on multiple custodial platforms. Performance results may vary based upon differences in associated costs and asset availability within the Cabana Model.