Monday, October 15, 2007

September Update

For the month of September the Model Portfolio’s return was 0.1% versus S&P 500’s total return of 3.7%. For the Fiscal Year ending September 30th, the Model Portfolio’s return was 16.9% vs. S&P 500’s total return of 15.6%. Since inception, the Model Portfolio's 2-year return through September 30th, 2007 is 36.2% vs. S&P 500's total return of 24.2%.

We made no changes to the portfolio in September. Meanwhile, housing related stocks including Sears Holdings (Nasdaq: SHLD) were hit hard in September dragging down the Model Portfolio’s performance for the Fiscal Year. Consider that at the end of August the Portfolio was outperforming the S&P 500 by 4.9% for the trailing 11-month period.

Earnings season is right around the corner. Perhaps Mr. Market will be so kind as to provide us with a few fat pitches.

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