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 May 22, 2017 and is presented net of advisory fees and commissions.
All of the Cabana portfolios were up for the week, ranging from .11% (Aggressive) to .62% (Balanced), and are now at YTD highs. Earnings continue to trump (no pun intended) political noise. Despite an apparent meltdown in the White House last week and the largest equity selloff in more than six months, investors took a deep breath and bought the dip. This type of whipsaw volatility is a great example of the discounting efficiency of markets and all large sample pools. Markets quickly assess what risk is for real and what risk is only perceived. This is also why market timing is so difficult. It is very, very difficult to outsmart the collective intelligence of millions and millions of investors around the world. We do not attempt to be so smart and will continue to invest based upon what is in front of us. We remain bullish.
Year-to-date net-of-fees performance:
ALPHA INCOME +3.14%
Performance is presented net of advisory fees and commissions (Conservative – Aggressive is presented net of 3% fees from January 1, 2017 – February 28, 2017 and 2% beginning March 1, 2017; Alpha Income is presented net of 2% fees.
-G. Chadd Mason, CEO
*Performance numbers indicated with (+) for positive return and (-) for negative return.
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All performance returns are presented net-of-fees and include the reinvestment of dividends and capital gains. Benchmark comparisons are presented gross-of-fees.
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.
All investment strategies have the potential for profit or loss. All strategies have different degrees of risk. There is no guarantee that any specific investment or strategy will be suitable or profitable for a particular client.
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.
Some performance returns do not represent actual trading using client assets but were achieved through retroactive application of a model designed with the benefit of hindsight. Model returns have inherent limitations. Specifically, these returns do not represent actual trading and may not reflect the impact of material economic and market factors on the adviser’s decision-making if the adviser had actually managed the client’s money during this time frame.
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.