Dorian LPG Sold

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As part of a change in strategy to gradually shift the SMA portfolio’s allocation from shipping to precious metals, Dorian LPG (LPG) was sold this morning at $9.20.

With the sale of LPG today and FRO last week, the SMA Portfolio’s allocation to shipping has decreased from 21% to approximately 15%.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. All investors are advised to conduct their own independent research into individual stocks, closed-end funds, mutual funds, and exchange traded funds or any other investment vehicle before making a purchase decision. In addition, investors are advised that past performance has demonstrated no relation to future performance. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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