Things haven’t been as bad as portrayed. As of yesterday’s close, the market (S&P 500) is down only 5% for the year — even after the 500 point down drop yesterday. Returns for the portfolios I manage are in the table (right).
The reason for my success has been the stocks we own. I’m focused on stocks, not the market. Did you know we went through a market correction last Summer too? The S&P 500 dropped 17% from its high only to close the year 24% higher.
Now the market is 12% off its highs. We are currently oversold (see page 3). Below are four of my top five holdings in the Growth Portfolio. We can’t control the market, we can dictate what we own.
