This is another brief supplemental report. I spent the time over the weekend
examining the implications of the Citicorp disaster- (probably time well
spent). I will be able to get a more detailed report out by this weekend.
Highlights as of midday today:
| Our Portfolio |
-10.9%
|
| S&P 500 |
-42%
|
| Nasdaq |
-45%
|
| Foreign* |
-49%
|
There
are continuing disasters in real estate, turmoil in all sectors of the
bond market except treasuries, disasterous declines in the commodities
markets with the complete collapse in oil and we have also witnessed the
recent collapse of real estate investment trusts. This has been the worst
12 months in terms of market volatility and the worst decline EVER. I continue
to be calm and am operating as usual amidst the chaos of the markets.
Our portfolio currently has the following allocation:
| Stock |
33.5%
|
| Oil |
6%
|
| Real Estate |
2.2%
|
| Gold |
6%
|
| Stable Value/Var. Rate Bonds |
5.6%
|
| Cash |
46.7%
|
Within our stock portfolio, you will find the following characteristics:
| Dividends |
6.27%
|
| Price-Earnings Ratio (2008) |
7.6
|
| Price-Earnings Ratio (projected 2009) |
7.5
|
Please call
or email us with any questions.