Bear Market Bites Model Fund Portfolio and Stock-Based Mutual Funds
Until May came along, it looked like the Model Mutual Fund Portfolio might have an exceptionally good year.
But the May and June weakness hit hard, and the Model Mutual Fund Portfolio is down 5.0% year–to-date (as of June 30, 2010). While it is small comfort, we are outperforming our benchmark, the Vanguard Total Stock Market Index Fund VTSMX, which is down 6.0%.
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