I've been tracking a portfolio since 7/18 and I'm beating the market

J

jmm07e

Alright so I know this is only a short term track record and I would really need a long term record to prove my ability. But, I've been tracking my portfolio since 7/18 and the market is down (2.7017%) and my portfolio is up 0.6102%.

All I did was look at every companies fundamentals and segmented my best companies and my worst companies. I went long on the best and short on the worst.

Along with some other tweaks that I don't want to reveal, I've been crushing the market.

Hopefully I can keep up the momentum.
 
Do you mean .6102% or 61.02%?
.6102% = .006102
61.02% = .6102

"All I did was look at every companies fundamentals and segmented my best companies and my worst companies. I went long on the best and short on the worst."
That's the original way hedge fund operated in the old days. Nowadays they make leveraged directional bets.
Then they pray the rich suckers give them enough money while they rake in millions in management fees. Eventually they blow up.
 
jmm07e said:
Alright so I know this is only a short term track record and I would really need a long term record to prove my ability. But, I've been tracking my portfolio since 7/18 and the market is down (2.7017%) and my portfolio is up 0.6102%.

All I did was look at every companies fundamentals and segmented my best companies and my worst companies. I went long on the best and short on the worst.

Along with some other tweaks that I don't want to reveal, I've been crushing the market.

Hopefully I can keep up the momentum.
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I embrace your enthusiasm. Please do not draw any conclusions after twelve days of market exposure. Carry on, and I wish you good fortune.
 
jmm07e said:
All I did was look at every companies fundamentals and segmented my best companies and my worst companies. I went long on the best and short on the worst.
More...

I can't know for sure what exactly your strategy is, but I can tell you that when the market is going down, almost any strategy that is long on high quality/high dividend stocks, and short on high beta/high P/E stocks will beat the market. When the market is going up, the opposite is true. You need to give your strategy a few more months to see if is really a market beater.
 
DaveV said:
You need to give your strategy a few more months to see if is really a market beater.
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I don't want to read into the intent of the OP - but a couple of years at a minimum is the standard for outside investors. Point being; a protracted period of time.
 
DaveV said:
I can't know for sure what exactly your strategy is, but I can tell you that when the market is going down, almost any strategy that is long on high quality/high dividend stocks, and short on high beta/high P/E stocks will beat the market. When the market is going up, the opposite is true. You need to give your strategy a few more months to see if is really a market beater.
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How about a few more years...or better yet a few more decades. If we happen to go into a bear market (I'm not predicting that, just hypothetical), you'll beat the market with almost any 50/50 long-short strategy. That doesn't mean you'll beat it long term.
 
bone said:
I embrace your enthusiasm. Please do not draw any conclusions after twelve days of market exposure. Carry on, and I wish you good fortune.
More...

Oh, c'mon. I was about to hand at least half my life savings to this prodigy!
 
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zdreg said:
Do you mean .6102% or 61.02%?
.6102% = .006102
61.02% = .6102

"All I did was look at every companies fundamentals and segmented my best companies and my worst companies. I went long on the best and short on the worst."
That's the original way hedge fund operated in the old days. Nowadays they make leveraged directional bets.
Then they pray the rich suckers give them enough money while they rake in millions in management fees. Eventually they blow up.
More...
ps The devil is in the details. I thought 7/18 referred to 7/2018.
 
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