Why Own an Umbrella When It’s Sunny Every Day?
April 19, 2018 |
Sources and Disclosures:
Copyright © 2018 Beaumont Financial Partners, LLC DBA Beaumont Capital Management (BCM). All rights reserved.
This material is provided for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument, nor should it be construed as financial or investment advice. The views and opinions expressed throughout this piece are those of our Portfolio Manager as of April 2018. The opinions and outlooks may change over time with changing market conditions or other relevant variables.
1Bloomberg. Data as of 2/14/18. The returns shown in the chart are cumulative and based on S&P 500 Index price movement only, and do not include the reinvestment of dividends. The Standard & Poor’s (S&P) 500® Index is an unmanaged index that tracks the performance of 500 widely held, large-capitalization U.S. stocks. Indices are not managed and do not incur fees or expenses. “S&P 500®” is a registered trademark of Standard & Poor’s, Inc., a division of S&P Global Inc.
2DALBAR, Inc. “Quantitative Analysis of Investor Behavior, 2016”, www.dalbar.com
Returns are for the period ending December 31, 2015. Average asset allocation investor performance results are calculated using data supplied by the Investment Company Institute. Investor returns are represented by the change in total mutual fund assets after excluding sales, redemptions and exchanges. This method of calculation captures realized and unrealized capital gains, dividends, interest, trading costs, sales charges, fees, expenses and any other costs. After calculating investor returns in dollar terms, two percentages are calculated for the period examined: Total investor return rate and annualized investor return rate. Total return rate is determined by calculating the investor return dollars as a percentage of the net of the sales, redemptions and exchanges for each period.
Past performance is no guarantee of future results and an investment cannot be made directly in an index. As with all investments, there are associated inherent risks, including loss of principal. Diversification does not ensure a profit or guarantee against a loss.
Beaumont Capital Management (BCM) is a separate division of Beaumont Financial Partners, LLC, an SEC registered investment advisor. BCM offers tactical, defensively-oriented strategies using long only ETFs across multiple asset classes with domestic, international and global exposure.
The information presented in this report is based on data obtained from third party sources. Although it is believed to be accurate, no representation or warranty is made as to its accuracy or completeness.