Quote from bc1:
Here is the latest from Covestor where the bwol account is in the red and number 184 out of 187 accounts. Annualized performance since inception is -21.24%. Looks like 8 trades were made since 9-26. Strategy is market timing but it doesn't look like the strategy has ever hit. The manager's cv is in pdf form towards the bottom. Is this worth the $280 a month that is charged for this?
http://covestor.com/kc-capital-management/quantitative-etf
You see, Beau has a problem with distinguishing top and bottom deciles. How does he make money by losing 4% per month, you ask.....? Volume.
