Archive | Letters to Investors RSS feed for this section

Dividend Growth Returns Year to Date

It didn’t get off to a good start. But 2016 is shaping up to be a fine year for the Dividend Growth portfolio. Through June 3, the Dividend Growth portfolio was up 17.3% in 2016, including dividends and allowing for a 1.5% management fee. That compares to a 2.7% return for the S&P 500. And […]

Comments Off on Dividend Growth Returns Year to Date Continue Reading →

Sizemore Capital 4th Quarter 2015 Letter to Investors

I wasn’t sad to see 2015 end. It was called “the year that nothing worked.” And while that’s not entirely true – if you happened to be long the “FANG” stocks Facebook, Amazon, Netflix and Google, you did quite well – it was certainly true for my Dividend Growth portfolio. The strategy had a poor […]

Comments Off on Sizemore Capital 4th Quarter 2015 Letter to Investors Continue Reading →

August Letter to Investors

After the recent spate of market volatility, I thought it would be a good idea to do a quick review of our strategies and how the volatility affects us. To start, I would say that the best way to defend against a bear market is to simply buy stocks at good prices. The market will […]

Comments Off on August Letter to Investors Continue Reading →

May 2015 Portfolio Summary: REITs On Sale Again

As we jump into May, I can find very little cause to complain. The Dividend Growth Portfolio is off to a solid start, up 5.7% through April 30, net of all fees and expenses.  This compares to a total return in the S&P 500 of just 1.9%. The portfolio’s high allocation to energy and to […]

Comments Off on May 2015 Portfolio Summary: REITs On Sale Again Continue Reading →

October 2014 Portfolio Outlook

Last month, I asked if we should have expected a “September swoon.”  Well, as it would turn out, we did—but not in mainstream American large-cap stocks.  It was emerging markets that took the biggest beating—Brazilian stocks, in particular, lost over 20% of their value—though yield-sensitive investments such as REITs, mortgage REITs, and high-dividend-yielding stocks also […]

Comments Off on October 2014 Portfolio Outlook Continue Reading →

September 2014 Portfolio Outlook: Should We Fear a September Swoon?

Bears often come out of the woodwork this time of year and note that September is the worth-performing month on average—the only month with a median monthly loss going back to 1950. September is also the only month in which there were more negative years than positive; 53% of Septembers since 1950 have been negative […]

Comments Off on September 2014 Portfolio Outlook: Should We Fear a September Swoon? Continue Reading →

July 2014 Portfolio Outlook

The end of June, as the halfway point, is a good time to stop and reevaluate the assumptions you brought into the year.   You should ask yourself: Are your strategies still working, and if they are not, what is your game plan for the second half of the year? So with that in mind, […]

Comments Off on July 2014 Portfolio Outlook Continue Reading →

June 2014 Portfolio Outlook

May was a good month for Sizemore Capital’s portfolios.  I made modest portfolio adjustments in my Dividend Growth and Tactical ETF models, but otherwise I am content to let our basic strategies for 2014 play themselves out.  I expect to see dividend-focused equities continue their outperformance relative to the broader market, and I expect to […]

Comments Off on June 2014 Portfolio Outlook Continue Reading →

May 2014 Portfolio Outlook

As we fast approach the summer months, one point about 2014 is abundantly clear: This is a very different kind of market than 2013.  Investors have become far more cautious and are giving far more scrutiny to earnings outlooks.  This is unquestionably a good thing. While monster rally years like 2013 are fun, expectations had […]

Comments Off on May 2014 Portfolio Outlook Continue Reading →

April 2014 Portfolio Outlook

With one quarter down, 2014 is getting off to a slow start with the S&P 500 up 1.3%.  But under the surface, we appear to have the beginnings of a major rotation underway.  The momentum stocks that led the market throughout 2013 and the first two months of 2014—social media and new technology stocks such […]

Comments Off on April 2014 Portfolio Outlook Continue Reading →