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 November 20, 2017 and is presented net of maximum advisory fees and commissions.
All Cabana Portfolios were up over the past week. The Balanced Portfolio led the way and was up +0.52%. The Conservative Portfolio brought the rear at +0.11%.
We continue to see domestic and international equity markets do well in response to strong top and bottom line earnings. This evidences that companies are making money based upon demand, rather than solely on cost cutting. Interest rates have not broken out to the upside and remain range bound. This has benefited dividend payers, REITs and bonds. High yield bonds have also bounced and are attempting to re-establish their uptrend. This factor is favorable to stocks, as junk bonds are highly correlated with equities.
I remain concerned about the flattening yield curve and have just written a blog post about this economic indicator, which those who are interested can read in full here. We are also monitoring the proposed tax bill and how it may impact our clients. We will prepare a summary of that legislation as it develops.
Lastly, we would like to wish our friends, clients and partners a happy and healthy Thanksgiving! I encourage everyone to spend time with friends and family and remember to be thankful for the things that matter.
Year-to-date net-of-fees performance:
ALPHA INCOME: +4.86%
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.
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.