I thought I would check in and calculate how we did on Friday, given it was a rough day in global markets. I had a pretty good mental calculation of how we would do on Friday because Scott and I are right on top of the risk we are taking but the performance report confirms.
Securities law allows us to show "actual client" performance only and given this is only one day's performance, I thought I would show my own performance for my own account, as I am an actual Private Client at High Rock (and we manage our client money the same way as our own money although weights to our models can be slightly different so individual client performance can be slightly different).
My RRSP account was -.1065% on Friday alone (Source: Dataphile/RJCS June 24, 2016). I hate losing money but at -.11% I think we can call that a pretty big win. (past performance is no indication nor guarantee of future performance). (Because client's weights to our High Rock models can all differ, according to their Wealth Forecast and Investment Policy Statement, individual client performance may vary slightly from client to client).
Compare that to a few other potential portfolios (Source: Bloomberg, June 24, 2016)::
So, how did we only lose about -.11% last Friday?
Again, this is only one day's performance and, although we have solid views, we are not 100% sure what the next days, months and quarters will bring but a properly diversified and researched portfolio can help mitigate draw-downs during periods of volatility, like wee have upon us right now. Protecting our collective capital is our number one goal at High Rock.