is a multi cap equity portfolio structured to take advantage of 4 asset categories, Recently released IPOs*(Initial Public Offerings) trading on the secondary market, high earnings growth rate equities, special situations and cash.
The approximate allocation mix is:
The goal of the portfolio is to outperform the Dow Jones Industrial Average on an annual basis by 10% net of fees.
*IPO stock that has begun trading on the secondary market: Each year 50 to 300 companies typically come public. The IPO or newly issued stock positions will include newly issued stock and companies that have come public over the past 3 years. There is no attempt to include every IPO or newly issued stock each year, but only those that I feel have above average growth potential.
The focus here is is on companies with earnings and or revenue growth rates exceeding 15% per year.
This area may include rising dividend stocks, companies or securities of companies that have been announced to be bought out or taken private, and companies that have announced spinoffs.
I have included a wide range of cash to be used as market conditions dictate.
While the strategy has daily liquidity and is non-leveraged, it is not structured to provide current income, or monthly checks to meet living expenses or other needs. It is to be considered a long term growth strategy, and may not be suitable for all investors.
*Disclaimer: This portfolio does not participate in direct purchasing of IPOs and does not receive IPO allocations issued at the set offering price. Stocks that are under the IPO category are recently released IPO stocks that are purchased after they have begun trading on the secondary market at the secondary market price.