Returns for week ending 8/19/11



Returns for the past week:

Model portfolio: -3.46%

Actual managed account: 0.0%



NOTE:

While the model portfolio moved to a 50% invested / 50% cash allocation on 8/1, I have moved my managed accounts to 100% cash until the return vs. risk profile is improved. This accounts for the difference between model (hypothetical) and actual returns.