Q2 Ends Strong - July 2018 NewsletterSubmitted by Elite Asset Management on July 22nd, 2018
What is S.M.A.R.T Asset Allocation?
We created a rule-based investment process that is S.M.A.R.T. As the investments are Strategic, helps our clients Maximize Gains, Adapts to current market conditions, manages Risk, and is Tactical.
It's still asset allocation only S.M.A.R.T-er.
Dear Fellow Investor,
Hope everyone had a great July 4th holiday with your friends and family.
We finished Q2 with back to back strong months. Following our disciplined investment approach we reduced our equity positions in mid-June and hedged against a sell off by increasing our long duration treasury positions. By doing so we locked in our gains and weren't affected by the down days the rest of the market experienced in the second half of the month. For June we easily beat our benchmarks as well as the S&P500. So far into July we've maintained our long term treasury positions while remaining cautious. We expect the market to move mostly sideways the rest of the summer while the trade wars play out.
Below you'll see the Total Return Numbers, Gross of Fees*** for June. Other performance numbers as of 06/30/18 can be found on our web page.
Minimum Volatility: -0.05%
Moderately Aggressive: 1.51%
Aggressive Strategy: 2.23%
Very Aggressive Strategy: 2.39%
Satellite Only: 3.21%
S&P 500® Index Total Return: 0.62%
Click to view our performance PERFORMANCE
Our unique approach to investing helps investors by reducing the uncertainty and anxiety of the markets, while helping them achieve their retirement goals.
Recent Blog Posts & News
I was honored to be quoted in an article on Investopedia, the world's leading source of financial content on the web. The article was about generating better returns for clients this year as well as the next 20 years.
Until next month.
Elite Asset Management is an SEC registered investment adviser (RIA). You should not assume that any discussion or information contained in this letter serves as the receipt of, or as a substitute for, personalized investment advice from Elite Asset Management. It is published solely for informational purposes and is not to be construed as a solicitation nor does it constitute advice, investment or otherwise.
*S&P 500® Index
The S&P 500® Index is a free-float market capitalization-weighted index of 500 of the largest U.S. companies. The index is calculated on a total return basis with dividends reinvested. The index is unmanaged, its returns do not reflect any fees, expenses, or sales charges, and is not available for direct investment.
**Inception is as of 10/31/16 as the strategies were drastically different prior to this date.
Performance results are shown gross of fee's, the above returns would be reduced by when fee's are included. The maximum fee rate is 1.15% per year (12 months). Due to differences in actual account allocations, account opening date, timing of cash flow in or out of the account, rebalancing frequency, and various other transaction-based or market factors, a client’s actual return may be materially different than those portrayed in the model results. Investing entails risks, including possible loss of principal, past performance is no guarantee of future results. The information provided may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons.