Returns for week ending 4/22/11

Model portfolio, hypothetical returns for past…
1 week: +1.5%

Value of $10,000 invested at inception in 2003: $63,007

Returns for week ending 4/15/11

Model portfolio, hypothetical returns for past…
1 week: +1.0%

Value of $10,000 invested at inception in 2003: $62,101

Returns for week ending 4/8/11

Model portfolio, hypothetical returns for past…
1 week: -0.4%

Value of $10,000 invested at inception in 2003: $61,525

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Returns for week ending 4/1/11

Model portfolio, hypothetical returns for past…
1 week: +2.5%

Value of $10,000 invested at inception in 2003: $61,763

Returns for week ending 3/11/11

Model portfolio, hypothetical returns for past…
1 week: -1.6%

Value of $10,000 invested at inception in 2003: $57,567

I've been traveling extensively and will post performance data later.

Since May of last year, the model stocks have greatly outperformed the S&P 500 by approximately 2 to 1. However the hedge against the small cap stocks (TWM) has negated that gain. As a result, at least one of our investors have removed a portion of the hedge by carrying a smaller weighting of TWM resulting in a portfolio that is approximately 2/3 model stocks and 1/3 TWM all the time.

I have begun doing the same for my managed portfolios. At some point I will re-run the model since inception using this allocation and post the results. Until then I will continue posting the results for the model portfolio as shown.

Returns for week ending 2/18/11

Model portfolio, hypothetical returns for past…
1 week: +0.3%

Value of $10,000 invested at inception in 2003: $57,714

Returns for week ending 2/11/11

Model portfolio, hypothetical returns for past…
1 week: +1.8%

Value of $10,000 invested at inception in 2003: $57,511

Due to a vacation, I'm posting this one day later than usual...

Returns for week ending 2/4/11

Model portfolio, hypothetical returns for past…
1 week: +3.9%

Value of $10,000 invested at inception in 2003: $56,494