You don't make the big bucks index hugging.
I can see why Brinker might want to cherry pick to lie about my record, especially given how his is highlighted by under performance and footnotes, but what is your excuse?
If you want to get returns matching the Wilshire5000, then buy that index according to Hulbert who wrote:
"Brinker’s fund selections on average have lagged the market. The HFD reports an 11.5% annualized gain for his “Aggressive” portfolio, which is 0.9 percentage points per year less than what this portfolio would have made if each of its funds were invested in the DJ Wilshire 5000 during the times they were owned.”
__ March 2008 by Mark Hulbert on Pg 3 of the March 2008 issue of "The Hulbert Financial Digest"
"Please note: In late 2000, Brinker forecasted a several-month bear market rally and recommended an investment in the NASDAQ 100 Index—a trade that turned out quite unprofitably. However, because Brinker at the time of making this forecast chose not to make this trade part of his model portfolios, his HFD record has not suffered as a result."
__ March 2008 by Mark Hulbert on Pg 3 of the March 2008 issue of "The Hulbert Financial Digest"
If you want to do better, perhaps with a managed mutual fund or an explore portfolio such as mine, then you should expect the gain doesn't come at the price of some pain. Jack wrote:
“Actively managed mutual funds? Yes. But only if they are run by managers who own their own firms, who follow distinctive philosophies, and who invest for the long term, without benchmark hugging. (Don't be disappointed if the managed fund loses to the index fund in at least one year of every three!)"
[John C. Bogle in “The Little Book of Common Sense Investing”, Chapter 18
Buffett lost 20% in 1999 while my explore portfolio gained 117%. Last year I was down 10% and Buffett gained 29%. This year I am beating Buffett by double digits (over 12%.)
BOTH Buffett's BRKA and my explore portfolio beat the Wilshire 5000 significantly since 1999. Since 12/31/02, Buffett trails slightly while my explore portfolio is beating the market currently by about 20%.
You don't make the big bucks index hugging.
I recommended my explore portfolio to Brinker's supporters at 101 when he sent his QQQ bulletin.
Since October 15, 2000 when Bob Recommended QQQQ to his investors for up to half their cash reserves, my newsletter explore portfolio is up 42.9% while his QQQQ is down 44.2%. You can see why I recommended and continue to recommend my Explore Portfolio over Bob's QQQQ.
Again I ask: I can see why Brinker might want to cherry pick to lie about my record, especially given how his is highlighted by under performance and footnotes, but what is your excuse? |
