March 1, 2015
To: Limited Partners in Elizaville Partners LP
From: Max G. Ansbacher, President, Ansbacher Investment Management, Inc., the General Partner
Subject: February 2015 Performance
Elizaville Partners had an average net estimated gain in February of 9.22%. This brought its average year to date gain to 10.04%.
Elizaville Lite had an average net estimate gain in February of 1.34%. This brought its average year to date gain to 1.34%.
Elizaville Plus had an average net estimate gain in February of 6.14%. This brought its average year to date gain to 6.14%.
The S&P 500 Stock Index gained 5.49% in February for a year to date gain of 2.21%.
Needless to say, we are very pleased with our performance this month. We accomplished these returns through the implementation of our regular strategy and certainly took on no extra risk. We can also credit favorable market conditions, as the S&P saw its best monthly gain since October, 2011.
You may notice that the performance of our two new programs, Elizaville Lite and Elizaville Plus, are now included in our monthly letter. We are also pleased with their results, as they both achieved their respective goals of providing a low volatility option and maximum return option to our investors. As mentioned in our 2014 year end letter, any new investment made in either of these new programs will see our management fee waived for the duration of 2015.
Turning our attention to the stock market, it seems that more and more thoughtful investors are wondering how much longer this bull market can continue, considering that it is already one of the longest bull markets that we’ve seen in 60 years. While this does increase the odds of its coming to an end in the next year or so, what is very interesting is how much more profit there can be in the final stages of bull markets. James Stack of InvesTech Research has compiled a chart showing that over the past 60 years, six out of nine bull markets enjoyed gains of at least 20% during the final third before the market top. In fact, three bull markets saw latter stage gains of close to 50% or more. No predictions here, just the presentation of some facts.
Until next month, we send you our best wishes.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS; AN INVESTMENT IN THE PROGRAM DESCRIBED HEREIN IS SPECULATIVE AND INVOLVES A SUBSTANTIAL RISK OF LOSS.