In my five decades of investing experience, a piece written yesterday by Jeremy Jones, Chief Investment Officer at Richard C. Young & Co., Ltd., is the best I have read. The piece begins:
The Dynamic MaximizersSM Portfolio has gotten off to a slow start this year. The Maxis Portfolio is down about 2.4% YTD. That still edges out the 2.7% loss in the Dow, but it is among the Maxis’ weaker quarterly returns.
Why is the Dynamic Maximizers Portfolio down YTD and what should you expect for the rest of the year?
Three months is hardly the kind of time-frame one should be thinking about when crafting an investment portfolio. There is lots of noise on a quarterly basis that can misdirect. And although nobody likes to see their portfolio fall in value, the Maxis have experienced losses of a similar magnitude on a semi-regular basis. Those short-term losses haven’t prevented the Maxis from achieving positive performance every year this century.
Finish reading this great post by clicking here.