#TBT We’ll throw it back to March 17, 2008. The Dow Jones closed that Monday at 11,792.25. On November 21, 2008 the Down Jones hit its 2008 low of 7,449.38. Those numbers seem miniscule now! How time flies!
As of yesterday’s close, March 15th, the Dow Jones was at 20,950.10. Quite a contrast, and quite a run. Managing the up is the up is the easy part, managing the down is a little more tricky. Here are some more numbers…
What are these numbers? No, they are not my average test grade scores from college! These are the audited, net of fee returns that each of our money managers had in 2008. Think about that for a second, in 2008 most of the managers we have access to had positive returns. This is the power of tactical portfolio management with portfolio managers that have a track record of success. How did your portfolio do in 2008?
As we all have to say in the investment world, past performance is no guarantee of future results, but the track records we’re dealing with are worth looking into. We would love to chat when you have some time, so feel free to give us a call.