Tuesday, February 5, 2008

'Rising Tide Growth' Fund Doing Well versus Marketocracy.com Peers

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I have been mentally beating myself up over the past month's performance, but it appears the fund is doing very well against peers. Now that we are 6 months old a new feature has appeared which is called "Fund Rankings". I am not sure why it is not showing a 6 month figure but in the 3 month period Rising Tide Growth beat 99.5% of other Marketocracy.com funds, and in the 1 month period (where I've felt it has been a big struggle) we still beat 99.0% of Marketocracy.com funds. The chart below shows this data, and it's a neat new feature. So while it's been a tough month, I guess it's not so bad as I thought (I tend to be a perfectionist). I'm still not happy about the performance vs the indexes in the past month, but short of turning into a financial, homebuilder, retail mutual fund for a 3 week period I don't think I would of been able to do much better.

Further, I try to run a fund similar to what a real world mutual fund would be like, i.e. I don't buy 10 tiny gold stocks or 5 under $10 solar stocks, so I would never expect to be in the very top for any short period of time like some of the competition on Marketocracy.com. But hopefully over the longer run I will stay near the top, as those risky short term strategies generally don't do well over longer periods of time.

More important than beating Marketocracy.com competitors is to beat the real world competitors, and thus gain the interest of readers to create a real fund.

EDIT: I figured out why I am doing so well in the 1 month and 3 month periods despite a shaky January. The date measured for the fund was Dec 31, 2007. So it was 1 month from Dec 31, 2007 and 3 months from Dec 31, 2007. So it does not reflect rocky January. I assume this will update every quarter so I have until March 31, 2008 to make up for lousy January.

(click to enlarge)

2 comments:

Steve said...

Congrats, I read your blog everyday and know you do a lot of work and research behind your picks; you deserve it. Thank you for the insight and ideas.

TraderMark said...

Thanks Steve. I do do a lot of research. Won't be right all the time, but hopefully more often than not over the long run. Thanks for reading.

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