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Excess Performance Without Margin |
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Closely monitored by Smith Barney Citigroup,
Bob's unleveraged track records rank very highly among managers: |
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Bob's first managed account, emphasizing conservative stock risk
and low turnover,
rose an average of 2.3% average annually (after all fees) over
the S&P 500 total return 1991-2004 (13 Years) . |
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Based on the same approach applied more
proactively, his new managed accounts
have risen 49% after fees during the past 5 years, while the S&P 500 has risen
5%.
Risk has been about equal to the S&P 500, as measured by
percentage peak-to-trough declines. Bob's strategy of cutting
losses short and letting gains run has kept net taxes at long-term
capital gains rates, assuming a 39.6%
short-term rate and a 20% long-term rate. |
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Bob Robbins' all-cap SunTrust Robinson Humphrey (STRH) stock list, using both
aggressive and conservative stocks, rose 28% compounded annually
net of 3% assumed nnual fees over 15 years -- independently verified. The worst
calendar-year decline was 9%. (during the overall period from Jan. 1987 thru Apr. 2002) |
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The best 10% of his large-cap STRH ranking
rose over 30% compounded annually, while the worst 10% fell
more than 10%
compounded annually over its 5-year history -- a spread of
over 40
percentage points annually. Email Bob if interested. |
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Past performance is not necessarily indicative of
future results. However, track records have been heavily used and
strongly advised by industry consultants to select managers. The average money manager has
underperformed the S&P 500 by almost two percent annually. On the
other hand, two percent outperformance annually would achieve about 50% more wealth gain to clients over 10 years,
and well over a 100% more gain over 20 years. There is no
guarantee against loss. |
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