Provo, UT, January 09, 2008 --(PR.com
)-- Utah investment management firm, Paragon Wealth Management, had more than one thing to celebrate on New Year’s Day when they calculated Paragon’s Top Flight Portfolio’s performance numbers on December 31.
Paragon’s Top Flight Portfolio generated a total return of 417.34% versus 77.42% for the S&P 500 from its inception on December 31, 1997 through December 31, 2007. Its compound annual return is 18.03%, versus 5.95% for the S&P 500. (Visit www.paragonwealth.com to see complete track record and full disclosure.)
Dave Young, President of Paragon Wealth Management, also known as the “Undiscovered Money Manager,” and Nathan White CFA, portfolio manager, actively manage Paragon’s Top Flight Portfolio using two distinct sets of quantitative models.
One set measures market sector and style strength over various time frames, which determines where Top Flight’s funds are allocated. This is constantly adjusted depending on where market strength is coming from. The second set of models measures market risk. The portfolio’s long exposure is constantly adjusted depending on how much risk is perceived to be in the market.
“Many growth oriented portfolios simply take a more passive approach rather than actively looking for areas of the market that offer the most potential,” said White. “The success of Paragon’s Top Flight Portfolio is partially due to actively managing the downside risks.”
Paragon’s Top Flight Portfolio was created in late 1997 as the culmination of the best systems and models Paragon had used up to that point. Its investment universe includes the U.S. and International stock markets. This portfolio is suitable for investors able to tolerate exposure to the volatility of the broader stock market. It is actively managed, and will primarily move in and out of selected exchange traded funds (ETFs) based on Paragon’s quantitative models, which can change frequently depending on market conditions.
“We’ve been told that active management doesn’t work,” said Young. “We believe Top Flight’s last 10 years of performance indicates otherwise.”
Paragon’s principal objective of the Top Flight Portfolio is to generate superior absolute returns in rising markets while hedging against downside volatility in falling markets. While there is no guarantee of this goal being achieved, Paragon actively manages towards this objective.
About Paragon Wealth Management
Paragon Wealth Management is a money management firm located in Provo, Utah. With over 20 years of experience as financial advisors, they are dedicated to creating success for their clients. They manage retirement accounts such as IRA rollovers, 401(k) rollovers, pensions and trusts. Paragon has fiduciary responsibility. Visit www.paragonwealth.com for more information.
An investor’s actual returns may vary due to timing of withdrawals, contributions and other factors. Past performance is no guarantee of future results. Before investing, contact Paragon to discuss your investment objectives, risk tolerance and fees. Investments in securities involve the risk of loss. The S&P Index is a market-value weighted index comprised of 500 stocks selected for market size, liquidity, and industry group representation. It is not possible to directly invest in this index.