2012 has been a great year for our clients. The Growth Portfolio is up 31% through the first quarter of the year. The more concentrated Aggressive Growth Portfolio grew 35% in Q1.
It would be real easy to write this newsletter and highlight this year’s winners. Pat myself on the back. But we need to look forward. The market’s gone straight up since November, I think we’re way overdue for a selloff and I’m preparing for the next three quarters of 2012.
A selloff would no doubt take portfolios down a bit. So I’ve been focused on selling some things to create cash. Last month I sold four stocks and only bought one. Two of the sales, VMware (VMW) and F5 Networks (FFIV) are good stocks, but just hit their fair values.
The market’s now in a correction, a healthy one. I’m waiting for better prices before I buy again. I have my Watch List ready so I can get the stocks I want, hopefully at lower prices.
