Bohr Portfolio Review: 30 January 2023

Street Scene – Portugal

The Bohr and Bethe are similar portfolios in that they both hold equities for growth and Closed-End-Funds (CEFs) for income.  In both accounts they are essentially Buy and Hold portfolios as there is very little trading taking place.

Bohr Investment Quiver

In the investment quiver below, RGT is suspect as the yield dropped below the 8% level.  Remember the two critical rules for CEF investing.

• The yield needs to be 8% or higher.
• The price of the CEF is lower than its Net Asset Value (NAV).

Bohr Security Recommendations

The following table is included so readers can see which securities are recommended for purchase etc. based on the BHS model.  I only use this data as a general guideline for the Bohr and Bethe portfolios.

Bohr Performance Data

How has this Buy and Hold model worked over the past 13 months?  As you can see, the Bohr outperformed both the AOA benchmark and the S&P 500 (SPY).

Bohr Risk Ratios

As interest rates rose the yield from the short-term treasury (SHV) also increased and that placed downward pressure on the Jensen.  In addition, we note that the Information Ratio also decreased indicating Bohr is losing a little ground to the AOA benchmark.

I am keeping a close eye on both the Bohr and Bethe portfolios as they are candidates to shift over to the Sector BPI model should that approach work out as anticipated.

The ITA blog is now free to anyone who registers as a Guest.  Forward the URL https://itawealth.com on to your friends and relatives and post on any social networks you use.