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Friday, September 28, 2012

3rd Quarter Results

UPDATED:  September 28, 2012

We're up 66.57% since inception -- a little over six months.   A competing "buy and hold" portfolio would have earned about 3.44%. It seems is still earning its keep.

Now that we have the QE3 decision behind us, directional trading is back on the table.  Personally, I won't miss the scalping and day trading.  Although we managed to earn 5.39% in August, and 11.93% in September, it was very labor intensive and did not lend itself to sound sleep. We can now (hopefully) get back to our evil plan to calmly out-earn the earnest and outwit the witless.

Q3 official results are in:  + 27.61% versus Q2's 38.46% and the S&P 500's 5.6%.   We didn't have the benefit of an analog this time; but, we did have all the lovely uncertainty surrounding QE3 and ESM.  With those milestones under our belt, how difficult could the Fiscal Cliff and the November elections be?

I'll post mutual fund and hedge fund universe results as soon as they're available, but I'm not personally aware of any actively managed fund that has earned 66% in the past six months.  Best of all, we did it in a broadly diversified portfolio (long or short the S&P 500), with no options or futures, no leverage and without hitching our fortunes to the iPhone.

In celebration of another great quarter, we'll run a membership special this weekend!  Keep an eye on THIS PAGE for details. 


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Inception to date:                  +66.57%

S&P 500:                                +3.44%

Differential:                            +63.13%

More details and important disclosures here.