Our portfolios continue to perform well, like the overall market. We are up about 30% over the last year, net of contributions. US markets are up around 40% during that period, but our portfolios are about 20% cash / gold along with non-US stocks so it is roughly equivalent.
There are a few stocks that haven’t performed as well as the market as of late; Alibaba (BABA) the Chinese internet giant, SUMO Logic (SUMO) the cloud analytics company, and Baozun (BZUN) the Chinese e-commerce fulfillment company. However, the performance wasn’t terrible for these 3 companies, just not nearly as good as the overall market.
We are looking at companies to consider buying for the summer investment round. I am performing research now on candidates.
This year we moved three of the accounts over to “limited agency” status from trust funds; this has become necessary as the beneficiaries get older. This is a one-time effort that took some time given that the steps are not simple nor clearly laid out. Even today I noted that many of the individual stocks were set to reinvest dividends, which I turned off because it causes challenges in tracking and is minor in the grand scheme if you reinvest cash regularly (as we do with new investments).