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.
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2 comments:
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.
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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