Tactical Allocations

No Trades on Jan 1st. This is a very tough time for most investors.  The markets feel over priced (they do to me as well) and so people want to make a change.  The problem is that the markets can get much more over priced and so we wait for a signal that it is time to take risk down further.  Right now the risk in the active portfolios is slightly lower than the equal portfolio and I believe this is a good place to remain until we start to see signs of stress. I apologize for the late posting, I was on vacation last week.  I will post a year end performance review tomorrow. The Equal portfolio:   No trades. The TA portfolio:  No Trades. The Enhanced portfolio:   No Trades. Current Allocation: Large Cap Equity (VONE):     67%   Small Cap Equity (VTWO):      0%   High Yield Debt (JNK):              0%    Inv. Grade Debt (AGG):           33%   Equal Weight Portfolio:   VONE  = 225 Shares VTWO  = 234 Shares AGG  = 248 Shares JNK  = 264 Shares