July performance update
Hi friends, here with the numbers for July.
Prime: -0.50%
Select: +1.20%
SPY ETF: +3.36%
Bogleheads ETF (80% VTI, 20% BND): +2.91%
A lackluster month for Prime overall, but Select had a strong month by any measure — except the market itself of course, which was up 3.36%. Being relatively uncorrelated is great, but not when that means the market is on fire and your strategy is not. Prime and Select haven’t “caught fire” the same way the market has lately. To be sure, the market has been roaring in 2023, up 19.71% through July (measured by the SPY ETF). Still, Prime’s YTD performance has been quite good, up 6.98% through July, which is roughly equal to what the market does in an average full year.
