Fletcher Wealth Management Profile Picture Investment Adviser

Fletcher Wealth Management

Financial Planner,Fletcher Wealth Management

  • EducationEast Tenessee State University
  • QualificationsMBA

Texas-Based

This strategy aims to provide exposure to US. domestic markets via companies based in one of the most business friendly states: Texas. In addition to having a GDP that dwarfs many countries (The Economist has compared the size of the Texas GOP to that of Russia's - Economist.com), Texas has been highly ranked by Forbes' "The Best States For Business And Careers” (Forbes.com)  as well as CNBC’s "America's Top States for Business" (CNBC.com).

We look to capitalize on discounts to fair value, while taking advantage of a large economy and business friendly government.

Risk score

Risk Score 4
4
16.6%

Best 30 days

-21.8%

Worst 30 days

Performance

  • 3.5%
    30 day
  • 5.3%
    90 day
  • 27.5%
    365 day
    July 12, 2011
Monthly vs S&P500
Fletcher Wealth Management - Texas Based Monthly vs S&P500
0.2% 12 months
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Portfolio currently closed to new subscribers. Let me know if space becomes available.

  • $20,000 subscription min
  • 1.5% fee

Replicability

100.0%
  • Replicable

Top 5 Holdings View all

16.5%
15.1%
13.1%
10.8%
9.0%

Portfolio commentary

  1. Hedging the dollar with these core holdings

    16 November 2011

    The overall market appears to have somewhat stabilized, so we will consider making some purchases over the next few months.

  2. Oil and Gas MLPs remain a safe haven 14 November 2011
  3. Maintaining stability in my Dividends and Yield portfolio 11 November 2011
  4. Staying patient on Oil & Gas MLPs 19 October 2011
  5. Three defensive stocks I like (and own) here 20 September 2011

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Performance detail

  • Manager (net of fees)

Performance

Inception July 12, 2011

as of April 23, 2014 Manager (net of fees) S&P 500
Past 30 days 3.5% 1.1%
Past 90 days 5.3% 3.1%
Past 365 days 27.5% 21.3%
Since Inception (Annualized) 10.8% 16.1%
2014 (YTD) 8.1% 2.1%
2013 25.8% 32.4%
2012 12.6% 16.0%

Risk metrics

Last 365 days

as of April 23, 2014 Manager (net of fees) S&P 500
Best 30 days 7.8% 7.9%
Worst 30 days -4.8% -4.8%
Volatility 12.4% 11.3%
Sharpe Ratio 2.22 1.88
Sortino Ratio 3.76 2.63
Maximum Drawdown -5.6% -5.7%
Value-at-risk (95%, 1 week) -2.9% -2.6%
vs. S&P 500
Information Ratio 0.80
Alpha 7.8%
Beta 0.86
R-Squared 0.62
Subscribe

Portfolio currently closed to new subscribers. Let me know if space becomes available.

  • $20,000 subscription min
  • 1.5% fee

Latest transactions View all

Average trades per month 0.3
Executed Symbol Security Replicable Type Price
09/30/13 CCI Crown Castle International Corp Yes Buy $72.99
09/30/13 SYY Sysco Corp Yes Buy $31.92
01/07/13 TXN Texas Instruments Inc Yes Sell $31.84
01/07/13 APA Apache Corp Yes Buy $80.25
10/03/12 TXN Texas Instruments Inc Yes Buy $27.43
10/03/12 PSX Phillips 66 Yes Sell $45.06
10/03/12 COP ConocoPhillips Yes Sell $56.80
10/03/12 DF Dean Foods Co Yes Sell $15.91

Important Information

  1. Past performance is no guarantee of future results.
  2. Performance of the portfolio manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions, and broker commissions. Manager returns include trades that fail Covestor's trading rules, do not reflect any Covestor suitability or risk score restrictions and are exclusive of Covestor fees. More
  3. Average subscription returns ("Avg Sub" or "Avg Client") are calculated by Covestor and are composed of the average, daily, time weighted returns of all active subscriptions to the underlying portfolio. These daily average returns are then linked together for the timeframe requested. In addition, these returns include cash, dividends and earnings distributions, brokerage commissions, Covestor advisory fees, and reflect individual client suitability and risk score restrictions. More
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The subscription minimum is the minimum subscription required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. Benchmarks presented are total return and therefore inclusive of cash, dividends and earnings distributions but not transaction costs. More
  7. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
  8. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications (Approach, Asset Class) are provided by Covestor, and are intended to serve as a general guide.
  9. These securities are currently held in the portfolio manager's brokerage account. Holdings in the "Replicable Holdings" table currently pass Covestor's trading rules, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription holdings may vary.
  10. These transactions were executed in the portfolio manager's brokerage account. Those marked as "Replicable Transactions" passed Covestor's trading rules and were eligible for replication at the time of execution, subject to individual client constraints. Eligibility for replication may change over time. Actual client subscription trade activity may vary.
  11. S&P 500 Index is an unmanaged index compiled by Standard & Poor´s Corp. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index. S&P 500 index data: S&P/Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies Copyright © 2014.