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for participants in the Sun Microsystems, Inc. 401(k) Plan
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DISCLAIMERS
No Plan Provider Liability All information and material in this
newsletter and on our company's website is provided as a service to Pariveda
clients and prospective clients. Pariveda has neither relationships with,
nor endorsements from, the companies whose 401(k) plans we monitor and
evaluate. Pariveda, Inc. retains sole responsibility for, and right to, all
content appearing in this newsletter and on the Pariveda website.
Company Stock Recommendations Pariveda may provide opinions, advice
and recommendations on a company's stock if the retirement plan includes it
as an investment option for plan participants. Investors considering
Parivea's stock-specific advice are advised that our views may differ
significantly from those expressed by other advisors or the company itself.
It is the investor's responsibility to evaluate Pariveda's advice, as well
as alternative sources of information and opinion, in the context of their
personal financial situation before coming to an independent decision on
whether the company's stock merits investement at any time.
Inside Information Plan participants are further advised that they
cannot purchase or sell company stock on the basis of material, non-public
inside information. Futhermore, as set forth in our "Insider Trading Policy"
if Pariveda employees or anyone affiliated with our company comes into
possession of inside information through relationships with individuals
affiliated with companies whose retirement palns we cover, we are restricted
from using that information on behalf of anyone, including Pariveda
clients.
No Implied Guarantees While we continually strive to add value
through our recommendations, historical model performance numbers noted in
this newsletter and on the company's website are not guarantees of future
results and should not be interpreted as such.
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MODEL PERFORMANCE
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Perfomance
Disclosures
Gross
Returns The returns
an individual following Pariveda's 401k Advisor recommendations would
have achieved independently.
Net-of-Fee
Returns
The
returns an individual would have achieved if Pariveda had managed their
account following the 401k
Advisor
model recommendations, net of advisory fees of 0.60% per year (our highest
standard fee).
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CURRENT MODEL PORTFOLIOS
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Model Portfolios - as of October 13, 2008
Submitted by bmurphy.
on 10-10-2008.
Our Sun Microsystems model portfolios are being updated as of October 13th this quarter due to the extreme market selloff occurring in the first few days of the quarter. While it's tempting to try to 'pick the lows' or 'go to cash', all investors need to give serious thought to their optimal investment horizon, whether that dovetails with their ability to withstand being wrong in the short-term, and the time they are able or willing to commit to watching positions.
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INVESTMENT OPTIONS COMMENTARY
Quarterly Performance Review - October 10, 2008
Submitted by bmurphy.
on 10-10-2008.
For the period June 30, 2008 through October 10th, 2008 all Pariveda 401(k) Advisor model portfolios based on the Sun Microsystems 401(k) plan lost significant value but out-performed their respective benchmarks by between 0.1% and 3.8%, net of hypothetical fees.
Cumulative Performance - as of October 10, 2008
Submitted by bmurphy.
on 10-10-2008.
Though down cumulatively, as of October 10, 2008 all of our model portfolios based on the Sun Microsystems 401(k) plan continue to exceed their benchmarks and meet our goals of generating annualized returns of 3-5%, net of hypothetical fees, over each model’s respective benchmarks.
Model Portfolios - as of October 13, 2008
Submitted by bmurphy.
on 10-10-2008.
Our Sun Microsystems model portfolios are being updated as of October 13th this quarter due to the extreme market selloff occurring in the first few days of the quarter. While it's tempting to try to 'pick the lows' or 'go to cash', all investors need to give serious thought to their optimal investment horizon, whether that dovetails with their ability to withstand being wrong in the short-term, and the time they are able or willing to commit to watching positions.
Fund Reviews - as of October 1, 2008
Submitted by bmurphy.
on 10-10-2008.
Set against a tone of mass liquidation, the global financial market’s chilling moves over the past quarter have rendered evaluating individual funds rather meaningless at this time. Yet we continue to provide you with our quantitative rankings for various sectors and the plan's funds.
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MARKET COMMENTARY & THOUGHTS
Can We Just Get On With It?
Submitted by bmurphy.
on 07-13-2008.
After three quarters of grinding lower, it’s not clear the ultimate loss of wealth at the bottom of this market cycle will be the most painful aspect for investors. Instead it could very well be the time it takes to get there.
Today's Opportunities - July 1, 2008
Submitted by bmurphy.
on 07-12-2008.
Opportunities are developing in the preferred stock and fixed income arenas as credit conditions continue to deteriorate. Municipal bonds look extremely timely from a strategic perspective, especially for investors nearing retirement in higher-tax states such as California.
Today's Opportunities - April 1, 2008
Submitted by bmurphy.
on 04-13-2008.
Most of our selected funds continue to turn in solid relative performance in a down market, and that’s great. With our current downturn showing a bounce early in Q2, now is a good time to review your portfolio. This quarter we’re taking five funds off our selected list and recommending selling four of them.
We’d recommend looking at the following sectors for inclusion in portfolios at this time: bear market funds (small positions only), Africa/Middle East (low correlation w/ U.S.), Mortgage & Municipal Bonds.
Today's Opportunities - January 1, 2008
Submitted by bmurphy.
on 01-12-2008.
We’re quite pleased with the recent performance of most of the funds on our opportunities list for retail investors. For the most part, they far exceeded the U.S. stock market’s 5.14% increase in 2007 and continue to be adding value relative to their respective benchmarks.
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