BTSX Gains 10% But Loses To The Index

  I t was a reasonable year for our BTSX portfolio,  gaining over 10%, but we lost to a surging index.  Still, a double-digit gain is nothing to be sneered at in this ‘New Normal’ environment. Table 1 shows what caused our downfall over the previous year. That’s right – after cutting their dividend either totally or partially, our top three selections proceeded to lose an average of 17.5%. That tends to make for a...