The stock market has dished out windfall gains and waterfall declines of late, thanks in part to all the upheaval in the energy sector.

Fortunately, we’ve enjoyed our share of hefty returns and have experienced only limited downside.

Our latest windfall came when NextEra Energy (NYSE: NEE) made Aggressive Income Portfolio holding Hawaiian Electric Industries (NYSE: HE) a takeover offer that the latter couldn’t refuse.

The solid performance posted by shares of regulated utilities this fall has been a welcome contrast to the wild action in the energy sector and has kept our Portfolio returns solidly in the black.