Long Term GARP

Managed by Y H & C Investments

-3.3% Last 30 days -5.9% Last 90 days 7.3% Last 365 days 0.31 Sharpe Ratio -16.7% Max Drawdown

Long Term GARP

Managed by Y H & C Investments

-3.3% Last 30 days -5.9% Last 90 days 7.3% Last 365 days 0.31 Sharpe Ratio -16.70 Max Drawdown
Risk score
Strategy Stocks
AUM fee 1.50%
Requirements
• Investment minimum: $10,000
or Sign up to invest
GARP stands for Growth at a Reasonable Price. My Long Term GARP portfolio attempts to buy companies with sustainable, growing businesses that I believe have potential to appreciate in value over multiple years.

Research

Research includes an analysis of a company's competitive positioning, a review of past, present and future operations, a and a look at a company' s financial situation including cash levels, debt and contingent liabilities. It also includes a review of earnings quality, the way the company is governed, and extensive look at valuations. I also review annual reports, regulatory filings, insider trades and recent company news.

Approach

Investments are chosen based on my measures of balance sheet and management quality, and my assessment of a company’s long-term growth potential. I consider my investment style to be mainly GARP (Growth at a Reasonable Price). I look for businesses that can grow for long periods of time, but that are still available at attractive prices. My approach to building wealth is to find great companies that have strategic competitive advantages and to own them as they grow larger.

Allocation discipline

I want to concentrate capital in companies that have attractive businesses and positive long-term growth prospects. I attempt to build large positions in those companies when they become available at what I believe are attractive prices. As a result, the portfolio is typically concentrated in a few positions that I believe fit my strategy.

Sell discipline

I believe great businesses are meant to be owned for many years, and in some cases decades. I only want to sell the companies in this portfolio if there is a fundamentally negative change in the business, or if buyers are more than fairly compensating current stock owners for their share of the equity.

Exceptions

Major world events could cause me to make exceptions to my investing philosophy with regard to certain holdings.
  • All performance information on this page is based on the performance of the Portfolio Manager’s account. Client performance may differ. This information was calculated on October 22, 2019.

    Daily returns
    Performance
    S&P 500 ETF
    Manager (net of fees)
    Last 30 days -3.3% 0.2%
    Last 90 days -5.9% -0.3%
    Last 365 Days 7.3% 10.9%
    Since inception (Annualized) 13.9% 14.6%
    2019 (YTD) 18.2% 21.3%
    2018 0.2% -4.6%
    2017 22.6% 21.7%
    2016 4.2% 12.0%
    2015 -4.4% 1.2%
    2014 5.2% 13.5%
    2013 41.8% 32.2%
    2012 27.1% 16.1%
    Risk metrics (last 365 days)
    S&P 500 ETF
    Manager (net of fees)
    Volatility 18.4% 16.4%
    Sharpe Ratio 0.31 0.56
    Sortino Ratio 0.44 0.73
    Maximum Drawdown -16.7% -16.1%
    Value-at-risk (95%, 1 week) -4.3% -3.8%
    Additional metrics (last 365 days)
    vs. S&P 500 ETF
    Information Ratio -0.4%
    Alpha -2.79
    Beta 0.99
    R-Squared 0.8%
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About Y H & C Investments

Y H & C Investments is a registered investment adviser based in Nevada. Yale Bock founded the firm after 15 years of experience as an individual investor. Yale also manages the secured lending operations of a family-owned business.

Investment process

At Y H & C, we believe in extensively researching individual investment opportunities before allocating capital. Our research-driven approach is based on a bottom-up fundamental analysis of every potential investment. Our process incorporates quantitative measures of market value and operating performance, as well as qualitative factors such as competitive positioning, strength of management and corporate governance.

Important Information

  1. Past performance is no guarantee of future results, and all investments, including those in this portfolio, involve the risk of loss, including loss of principal and a reduction in earnings.
  2. All performance information on this page is based on the performance of the Portfolio Manager’s account, using the manager’s own funds. Portfolio Manager’s pre-Interactive Advisors performance information may include performance of non-Interactive Advisors client accounts. Performance of the Portfolio Manager's account is calculated by Interactive Advisors on a daily time-weighted basis, including cash, dividends and earnings distributions and reflects the deduction of broker commissions. Manager returns include trades and positions that fail Interactive Advisors' trading rules, as a result, actual client returns will differ. Interactive Advisors advisory fees are simulated and applied retroactively to present the portfolio return "net-of-fees".
  3. None of the performance information displayed on this page is based on the actual performance of any Interactive Advisors client account investing in this portfolio. The performance in an Interactive Advisors client account invested in this portfolio may differ (i.e., be lower or higher) from the Portfolio Manager’s account performance based on any trading restrictions imposed by the client (resulting in different account holdings), time of initial investment, amount of investment, frequency and size of cash flows in and out of the client account, applicable brokerage commissions, and different corporate actions.Clients investing in this portfolio may view the actual performance of their investment in this portfolio by logging into their Interactive Advisors account and reviewing their customized dashboard.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Interactive Advisors, 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. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Interactive Advisors 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 displayed have been calculated by Interactive Advisors using daily adjusted close prices and include dividend income. More information here. For certain portfolios Interactive Advisors uses an index as a benchmark, while for others it uses an investable exchange traded fund (ETF) as a benchmark. Index returns do not reflect the deduction of any management fees, transaction costs or expenses. Individuals cannot invest directly in an index. Investable ETF returns reflect the deduction of (i.e., are net of) management fees, transaction costs and expenses.
  7. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Interactive Advisors has been provided by the Portfolio Manager. Interactive Advisors makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Interactive Advisors. Transaction history of Portfolio Managers is available upon request. Portfolio classifications are provided by Interactive Advisors, and are intended to serve as a general guide.
  8. These securities are currently held in the Portfolio Manager's brokerage account. Positions in the "Portfolio Holdings" table currently pass Interactive Advisors' trading rules, subject to individual client constraints. Eligibility for replication may change over time. Actual client investment holdings may vary.
  9. Not all transactions listed will appear in accounts due to Interactive Advisors' trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  10. Real time transaction history for this portfolio is not available. Instead, the portfolio's positions are replicated daily. If you have any questions, please contact Client Services.
  11. Simulated performance of multi-manager portfolios is calculated as a weighted average daily performance of the underlying portfolios. It reflects the allocations through time of portfolios included in the multi-manager portfolio. The simulation does not include trading costs for changes to allocations, for example when the multi-manager portfolio is rebalanced. This means performance will be overstated, though not materially, relative to what a client might achieve. Fees are subtracted from the performance on a monthly basis to present the net return.
  12. This portfolio was launched on Interactive Advisors on November 22, 2011.
  13. The actual performance chart is provided for informational purposes only, and should not be used as the basis for making an investment decision. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors (Thomson Reuters Worldscope database) to provide these returns. Neither Interactive Advisors 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.
  14. This portfolio was launched on Interactive Advisors on November 22, 2011. Returns information prior to the launch date consists of hypothetical back-tested data not based on actual trading of real client funds. These hypothetical results reflect the deduction of (i.e., are net of) Interactive Advisors' advisory fee, Interactive Brokers LLC brokerage or other commissions and other expenses that a client will have to pay if he invests in this portfolio after November 22, 2011. Hypothetical back-tested results are not an indicator of the future returns a client will realize by investing in this portfolio and no Interactive Advisors client actually attained these hypothetical results. For a more detailed discussion of an explanation of the hypothetical nature of this return information and a discussion of the calculation methodology used, review these disclosures.
  15. The actual performance of the manager account displayed on this page is based on the performance of an Interactive Advisors proprietary account invested using this strategy and is calculated by Interactive Advisors on a daily time-weighted basis, including cash, dividends and earnings distributions. The actual performance for this portfolio is presented “net of fees” and reflects the deduction of the Interactive Advisors advisory fee, Interactive Brokers LLC brokerage and other commissions and expenses that a client has to pay if he invests in this portfolio after the launch date.
  16. Transaction history is available upon request. Portfolio classifications are provided by Interactive Advisors, and are intended to serve as a general guide.