Charles B. Carlson, CFA
The portfolios below show performance (percentage price change) for the year to date. Dividends are not
included in these return numbers. Investments are spread equally among the stocks in each portfolio.
Price Change Portfolios Data as of: Close Ratio Portfolios
1 Stock Portfolio % Chg. 9/12/2019 1 Stock Portfolio % Chg.
Goldman Sachs (GS) 30.9 Goldman Sachs (GS) 30.9
Portfolio   30.9 Portfolio   30.9

3 Stock Portfolio % Chg. 3 Stock Portfolio % Chg.
Goldman Sachs (GS) 30.9 Goldman Sachs (GS) 30.9
IBM (IBM) 26.3 Apple (AAPL) 41.4
DuPont (DD) -4.1 IBM (IBM) 26.3
Portfolio   17.7 Portfolio   32.9

5 Stock Portfolio % Chg. 5 Stock Portfolio % Chg.
Goldman Sachs (GS) 30.9 Goldman Sachs (GS) 30.9
IBM (IBM) 26.3 Apple (AAPL) 41.4
DuPont (DD) -4.1 IBM (IBM) 26.3
Caterpillar (CAT) 3.7 United Technologies (UTX) 29.1
3M (MMM) -10.5 DuPont (DD) -4.1
Portfolio   9.3 Portfolio   24.7

10 Stock Portfolio % Chg. 10 Stock Portfolio % Chg.
Goldman Sachs (GS) 30.9 Goldman Sachs (GS) 30.9
IBM (IBM) 26.3 Apple (AAPL) 41.4
DuPont (DD) -4.1 IBM (IBM) 26.3
Caterpillar (CAT) 3.7 United Technologies (UTX) 29.1
3M (MMM) -10.5 DuPont (DD) -4.1
Exxon Mobil (XOM) 5.6 Exxon Mobil (XOM) 5.6
United Technologies (UTX) 29.1 JP Morgan Chase (JPM) 20.8
Chevron (CVX) 11.6 Chevron (CVX) 11.6
Travelers(TRV) 23.8 Caterpillar (CAT) 3.7
Home Depot (HD) 36.1 Home Depot (HD) 36.1
Portfolio   15.3 Portfolio   20.1

Dow Jones Industrial YTD Performance:  16.5%
    Performance History