We were
audited by the State of Wisconsin, and for the umpteenth audit by various
regulatory authorities, questions were raised about whether the composition of
the Model Portfolio represented the activity in all accounts we manage. In order to eliminate questioning in future regulatory
audits (we are too old to deal with them) we will no longer present the Model
Portfolio. Over 31 years The Model grew from
$50,000 to $773,000. That is a compound rate of return of 9.23%.
PAST PERFORMANCE OVER 31 YEARS IS NOT INDICATIVE OF FUTURE PERFORMANCE OVER 31 YEARS - WE'D BE 102.
Model Portfolio Yearly Performance Inception 12/31/1983 thru 12/31/2014 |
  |
Date Ending |
Market Value |
Portfolio %Return |
12/31/1983 |
$49,934 |
Started |
12/31/1984 |
$50,294 |
1% |
12/31/1985 |
$68,299 |
36% |
12/31/1986 |
$81,538 |
19% |
12/31/1987 |
$96,472 |
18% |
12/31/1988 |
$108,947 |
13% |
12/31/1989 |
$119,298 |
10% |
12/31/1990 |
$107,885 |
(10%) |
12/31/1991 |
$144,418 |
34% |
12/31/1992 |
$152,125 |
5% |
12/31/1993 |
$152,654 |
0% |
12/31/1994 |
$153,553 |
1% |
12/31/1995 |
$177,382 |
16% |
12/31/1996 |
$200,666 |
13% |
12/31/1997 |
$220,832 |
10% |
12/31/1998 |
$245,951 |
11% |
12/31/1999 |
$353,461 |
44% |
12/31/2000 |
$356,212 |
1% |
12/31/2001 |
$429,804 |
21% |
12/31/2002 |
$460,305 |
7% |
12/31/2003 |
$525,365 |
14% |
12/31/2004 |
$570,633 |
9% |
12/31/2005 |
$556,147 |
(3%) |
12/31/2006 |
$604,610 |
9% |
12/31/2007 |
$582,294 |
(4%) |
12/31/2008 |
$503,988 |
(13%) |
12/31/2009 |
$587,004 |
16% |
12/31/2010 |
$623,479 |
6% |
12/31/2011 |
$525,668 |
(16%) |
12/31/2012 |
$688,130 |
31% |
12/31/2013 |
$745,666 |
8% |
12/31/2014 |
$773,264 |
4% |
Model Portfolio Closed Transactions (Realized Gains and Losses) for 2001
Model Portfolio Closed Transactions (Realized Gains and Losses) for 2002
Model Portfolio Closed Transactions (Realized Gains and Losses) for 2003
Model Portfolio Closed Transactions (Realized Gains and Losses) for 2004
Model Portfolio Closed Transactions (Realized Gains and Losses) for 2005
Model Portfolio Closed Transactions (Realized Gains and Losses) for 2006
Model Portfolio Closed Transactions (Realized Gains and Losses) for 2007
Model Portfolio Closed Transactions (Realized Gains and Losses) for 2008
Model Portfolio Closed Transactions (Realized Gains and Losses) for 2009
Model Portfolio Closed Transactions (Realized Gains and Losses) for 2010
Model Portfolio Closed Transactions (Realized Gains and Losses) for 2011
Model Portfolio Closed Transactions (Realized Gains and Losses) for 2012
Model Portfolio Closed Transactions (Realized Gains and Losses) for 2013
 
The market value of the Model Portfolio is net
of advisory fees, brokerage commissions and other related expenses.
Model Portfolio results reflect reinvestment of dividends and other
earnings. The Model Portfolio column is the overall return of the
portfolio for the period shown.
Past performance is not indicative of future results. Other methods
may produce different results for individual portfolios and for
different periods and may vary depending on market conditions and
the composition of an individual portfolio. Care should be used
when comparing these results to those published by other investment
advisors, other investment vehicles and unmanaged indices due to
possible differences in calculation methods. A list of all recommendations
made by Lemley, Yarling Management Co. for the preceding one-year
period is available upon request.
PAST PERFORMANCE IS NO INDICATION OF FUTURE PERFORMANCE
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