It’s time for another quarterly update to the One-Minute Portfolio (the last was on April 13, 2009). In a nutshell, the second quarter extended the gains of the first quarter to raise the portfolio’s return since December to about 17%.

The second quarter was easier on the nerves for the One-Minute Portfolio than the first quarter. The stock market continued its upward climb through April to June. As a result, the portfolio is up 15.4% from the annual rebalancing in December. The average annual gain since inception (early 2003) is ...

The One-Minute Portfolio is down approximately 12% year to date. That smarts but it could be a lot worse considering how much the stock markets have tumbled over the same time.