So results of my little portfolio contest are in for the month of July, and it was another solid win for my Robo-Adviser portfolio, which was up 3.66% for the month of July, compared to 2.5% for the high fee portfolio.
As I've mentioned in this space in the past, the high-fee portfolio includes a hedge fund component which is priced a month in arrears, so the results for July likely include the impact of the Brexit vote in late June on those hedge funds. Since most markets recovered nicely over the month of July, we may see that give the high fee portfolio an advantage over the month of August, but we'll have to see on that.
On a full year basis, the high fee portfolio continues to gets its ass kicked, returning 3.07% for the year, compared to a nice 6.21% for the robo-adviser. Note in both of these cases, these returns are after the fees for each are deducted.
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