Here is an update of our portfolio. Sorry for not keeping up with the monthly updates.

For the month of June, 2011 our portfolio was down 2.26% compared to a loss of 1.68% for S&P500. Our portfolio underperformed the index by 0.58%. For the year so far, we are up 3.3% compared to a gain of 5.94% for the S&P500, which means we are underperforming by 2.64%. This is because we have been taking defensive position this year due to uncertainties in the market.