Investment Recap

Third Quarter 2012

The stock market was up more than 6% in the 3rd quarter, and we maintained our margin of outperformance for the year to date. This is especially good because 2012 happens to be a year when 70% of managers are under performing the 16%...

Second Quarter 2012

During the second quarter, the stock markets declined approximately 3%. Our stocks again did somewhat better. Headline news focused on debt problems in Europe and the specter of a break-up of the Euro currency alliance. Fortunately in June...

First Quarter 2012

In terms of performance, the first quarter amounted to the equivalent of a good year! The major stock market averages were up approximately 12%; our equities were up 15%. While worries about European sovereign debt resurfaced again last...

Fourth Quarter 2011

As we hoped and perhaps expected, the stock market had a pleasant 11% recovery in the 4th quarter. For the year, the S&P 500 Index was flat (small caps were down 4%). Our results were in line with these overall numbers and our balanced...

Pages