This time, we are looking at portfolios that were flat to down this past year and making an assessment of their future prospects going into 2018.
Winning in the markets is difficult to do and just about everyone is going to lose money at some point. Even though US equities are up approximately 20% in 2017, those who have had more exposure in unpopular sectors (e.g., telecom, energy, retail), over-concentrated in certain securities, or followed a “value” strategy more broadly likely haven’t done as well.
But there are still things that can be learned from portfolios that have underperformed, just as those that have performed better than or in line with the market.
So let’s go through a few:
Full article can be found on WhoTrades.