The first quarter was a roller coaster ride for the One-Minute Portfolio but as of March 31 it wasup 6% (sincerebalancing in mid-December). If we tack on stock market gains recorded in the first half of April, the OMP is up a bit more.
So far the decision to rebalance aggressively from 40%/60%to 60%/40% stocks and bonds is paying off. But we shall see what ultimately unfolds as 2009 wears on.
The quarterly gain in the OMP reflects a 9% appreciation in the iShares S&P/TSX 60 Index Fundand a breakeven return on the iShares Canadian Bond Index Fund.
For more details on the OMP, check out the December 18 articleon the last rebalancing. The OMP was created in early 2003 and has been rebalanced annually since. Based on just two exchange-traded funds, itfollows the KISS principle when it comes to investing. The average annual gain since inception is close to 7.5%.