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Commentary Until 4/25/07
Warren Stanley
Portfolio Analyst
Our Hedged International Holdings Portfolio had an 41.4% return for
2006 and our January 2007 Portfolio Trades finished up with an 12.6%
return over a short life of the trades. For comparison purposes that’s
a 76.7% annualized return. And 13 of the last 14 months were profitable.
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library of recent articles including: “How Much Should You
Really Pay For That Stock”, “Anatomy of a Perfect Trade”,
and “Resolutions that can boost your Portfolio in 2007”.
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any security. The examples above do not take into account your trade
size, brokerage commissions or taxes which will effect actual
investment returns. Stocks and options involve risk and are not
suitable for all investors and investing in options carries
substantial risk. Prior to buying or selling options, a person must
receive a copy of Characteristics and Risks of Standardized Options
available at http://www.cboe.com/Resources/Intro.asp.