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2014 Mid-Year Portfolio Performance Update

2014 has been a rough year for me so far because I am sticking with my strategy of cautiously protecting most of my spectacular 2013 gains. My perhaps overprotective stance has been costing me a lot this year, but I am patiently waiting for the best reward/risk opportunities, and there haven't been that many in 2014. I am in for the long run.

The portfolio is now up 83% in a year and a half (time-weighted total return for 18 months ended June 30, 2014, before taxes, but incl. brokerage fees), but still down some 20% from its December 2013 peak.

Here is the visual update: