The portfolio is now 67% invested long, 0% short and 33% in cash, net long 67%. For 2017, the value of the portfolio was 970.84%. So far in 2018, the portfolio value is now 1045.23%.
Since 2008 when we began this portfolio, we have had two losing years 2011 and 2016 which was filled with lots of geopolitical issues similar to 2011. In 2012, we started a run that was up 10.09% into 2013.
We expect another such run will happen. The portfolio is now into early June and hanging tough.This is an abbreviated update due to travel. The normal update will appear next week.