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Apple has hurt my portfolio in 2013. But I’m still a believer

The Dividend Paying Large Caps portfolio was up 2.3% (net of fees) in September as compared with the 2.97% gain for the benchmark S&P 500 Index (( SXP )). The portfolio underperformed against the market in September, due to the underperformance of Apple ( NASDAQ: AAPL ) down -2.42%, and Qualcomm ( NASDAQ: QCOM ) up slightly 0.85%.As of the end of September my portfolio was up 14.4% (net of fees) for the year, as compared to the S&P 500, which was up 19.7%.Since the largest position in my portfolio is Apple, my portfolio has suffered in 2013. Apple is down year to date -13.2%. Thankfully, several other large positions on my portfolio, such as Wells Fargo ( NYSE: WFC ), have performed exceptionally well in 2013. To date, Wells Fargo is up 17.89%.Although Apple stock is having a disastrous year, I anticipate that the stock will rebound in the coming months and as a result, am not ready to give up any of my position at this time. In September, Apple launched the new iPhone 5C as well as th...

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