We failed to outperform the S&P 500 Average for the second time in the nine years we have published the Commonsense Investletter newsletter. The S&P 500 average returned 16% while the Investletter Model Portfolio came in 1.4 percentage points behind at 14.6%. Our cumulative return over this same time frame is 301% versus the S&P … Continue reading Investletter Model Portfolio Stumbles in 2012