Performance

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS, AND FUTURE RESULTS OF THE PORTFOLIOS DISCUSSED HEREIN ARE LIKELY TO DIFFER FROM THEIR PAST PERFORMANCE. ALL PORTFOLIOS INVOLVE RISK AND MAY LOSE MONEY. BECAUSE THE PORTFOLIOS CONTAIN A LIMITED NUMBER OF STOCKS, THEIR RETURNS WILL BE MORE VOLATILE THAN A PORTFOLIO INVESTING IN A HIGHER NUMBER OF SECURITIES. INVESTOR RETURNS MAY DIFFER.

All performance figures mentioned on this website, in our newsletters, or in any of our marketing materials are based on the performance of a single representative account (“core account”) without deviation from inception through a specified date. The Mosaic Portfolio inception date is June 15th, 2012.

Returns are calculated by our custodian, FOLIOfn, using the “Mid-Weighted Dietz Method”. You can find all the information you need on how FOLIOfn calculates returns here. All dividends, distributions, and capital gains are automatically reinvested so they are not tracked separately. The returns are reported net of fees, reflecting the deduction of advisory fees, brokerage commissions, and any other client paid expenses.

The benchmark index for all portfolios is the S&P 500 with dividends included. The S&P 500 Index is the most widely accepted barometer of the market. The S&P 500 is an unmanaged index of 500 of the largest companies in the United States as measured by market capitalization and does not reflect any investment management fees or transaction expenses, nor the effects of taxes, fees or other charges. Comparisons to indices are provided for illustrative purposes only. Broad indices are shown only as an indication of the general performance of the equity markets during the periods indicated. The weighting or selection of securities included in the index may differ from The Free Investors’ portfolio strategies.

The performance data on this site or in our letters has been prepared by The Free Investors and has not been reviewed, compiled or audited by an independent public accountant.

Model Portfolio

The core account mentioned above represents a model portfolio for The Mosaic Portfolio strategy which seeks to achieve long-term capital appreciation by investing in great companies at cheap prices. The charts and/or figures shown on this website, in our newsletters, or in any of our marketing materials show the total return, including reinvestment of all dividends, and net of commissions and maximum investment advisory fees of 0.95%. The S&P 500 with dividends was used for comparison purposes as it represents a sample of the 500 leading companies in leading industries of the U.S economy. It is generally considered a proxy for the total market.  

Model performance results do not reflect the results of actual trading using client assets, but were achieved tracking a model account managed in accordance with the dictates of the program. Other accounts are excluded to prevent additions, withdrawals and client mandated customizations from biasing the performance results. However actual client accounts are not insulated from these factors. Therefore actual client accounts may have experienced investment results during the corresponding time periods that were materially different from those portrayed in the model.