December performance update
Hi friends, here with a monthly performance update.
Prime: +8.03%
Select: +0.79%
SPY ETF: +4.71%
Bogleheads portfolio (80% VTI + 20% BND): +5.05%
In last month’s performance update, I noted that I had incorporated a few additional value indicators into the SPC model, the addition of which was intended to gain precision in identifying “value” stocks. It’s tough to attribute Prime’s significant outperformance this month to those changes, but the December result is nevertheless encouraging. More broadly over the year, Prime underperformed its rough benchmark (SPY). The lion’s share of that underperformance occurred in the front half of the year; in the last three months, Prime actually outperformed SPY on a cumulative basis, with most of the outperformance in that period attributable to December after the inclusion of the additional indicators. There is still a lot of ground to be made up in terms of the relative performance back to May 2020, but let’s see what 2024 holds.
Happy new year!
