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Diversified
Portfolio |
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Account
Description |
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The
account seeks to exceed U.S. broad market averages with lower
risk by utilizing the principles of Modern Portfolio Theory.
There is, of course, no assurance that these goals will be realized.
Portfolio values will fluctuate as market conditions change.
The account owns securities in the name of Wendover Capital,
which is administered by Westminster, Hope & Turnberry,
Ltd. |
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Investment Discipline |
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Wendover
Capital’s advisors will employ the concepts of Modern Portfolio
Theory, which focuses on attaining the highest expected return
in conjunction with a given level of risk. This is achieved
by selecting the appropriate asset class balance, predominantly
using institutional asset class (index) funds that have no management
risk. This academically accredited management approach has proven
effective in avoiding the extreme market swings that can stifle
real dollar growth. A simple example illustrating the importance
of this: |
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Year 1
10% |
Year 2
10% |
Year 3
10% |
Portfolio A:
$100,000 |
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| $110,000 |
$121,000 |
$133,100 |
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20% |
-10% |
20% |
Portfolio B:
$100,000 |
$120,000 |
$108,000 |
$129,600 |
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on William Sharpe’s 1990 Nobel Prize winning work, this
demonstrates the critical difference between arithmetic
and geometric returns; what amounts to a math trick. These
two portfolios both have a 10% average annual return,
yet there is a meaningful difference in real dollar account
values, which would be dramatically greater with longer
time periods and/or higher market volatility. |
Account Administration |
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account has retained the services of Westminster, Hope
& Turnberry, Ltd. to administer and invest the portfolio
that secures this account. The investor understands
and agrees that Westminster administers other investment
funds and may effect transactions with respect to securities
in which it, its officers, directors, employees and affiliates
may have a direct or indirect financial interest.
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Current Portfolio (as of
09/30/2007) |
iShares
S&P 500 Growth
iShares S&P 500 Value
iShares Russell 2000 Value
iShares Russell 2000 Growth
iShares Russell Microcap
iShares MSCI EAFE Value
iShares MSCI EAFE Growth
Dreyfus Premier short term income
Cash |
11%
21%
8%
4%
4%
7%
3%
2%
40% |
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Download Wendover
Capital (8 KB)
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A printable PDF download
of this document is available. You must have Adobe's Acrobat
Reader (available free from the Adobe
website) in order to download these files. |
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P.O. Box F-42657
Freeport, Grand Bahamas
Bahamas
Tel. 242.351.8903 / Fax. 242.351.8844
e-mail: clientserv@wh-t.com
©2000 - 2002 Westminster, Hope & Turnberry, Ltd.
Sale
or solicitations of WHT products are expressly prohibited
in the United States. WHT products are only available to institutional
investors domiciled in jurisdictions where WHT is authorized
to conduct business. This is provided for informational purposes
only and is not intended as an offer to sell, an advertisement,
or a solicitation.
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