What's UP? AAII's Shadow Stock Portfolio
by James B. Cloonan
The Individual Investors Shadow Stock Portfolio has had an extremely good year as of this writing in early December (Table 1). By year end, it will most likely have beaten its best previous year, 1997, when it was up 44%.
|Table 1. The Individual Investors Shadow Stock Portfolio|
|Average Annual Return (%)||1-
|Individual Investors Shadow Stock Portfolio||13.3||32.8||65.1||77||80.9|
|Vanguard Index 500 Fund (S&P 500)||9||6.1||22.1||97||22.1|
* Through 11/30/2003.
** A measure of riskthe volatility of a portfolio relative to all stocks worldwide during normal market conditions. For example, a portfolio RiskGrade of 77 implies the portfolio has a risk 77% as high as the average risk of all equities in the world. RiskGrades for any portfolio can be found at the RiskGrades Web site (www.riskgrades.com); the Web site also provides the mathematical details of the approach.
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