The Wax Ink Portfolio closed up 48.5% for the year. By comparison, the Dow was up 26.5%, the Nasdaq was up 38.3%, the S&P 500 was up 29.6%, the Russell 2000 was up 37%, and the Volatility Index, commonly known as the VIX, was down 10%.
By way of year-over-year comparison, the Wax Ink portfolio closed 2012 up 18.2%, while the Dow 2012 closed up 7.3%, the Nasdaq closed up 15.9%, the S&P 500 closed up 13.4%, and the Russell 2000 closed up 14.6%.
The portfolio ended the year with roughly 66% of holdings in equities, 34% in cash, and 0% in bonds.
Admittedly, had it not been for the Federal Reserve keeping bond yields artificially low during 2013, there is no way the portfolio could have performed as it did last year.
So thank you Mr. Bernanke, my portfolio is sad to see you go.