From: musicant@autobahn.org (Dan Musicant)
Subject: Re: not [CANSLIM] Performance of Investment Newsletters
Date: Sat, 14 Nov 1998 16:18:48 GMT
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Top of Thread: not [CANSLIM] Performance of Investment Newsletters Johan Van Houtven
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On Sat, 14 Nov 1998 14:31:17 +0100, you wrote: :Very worthwhile article about the performance of Investment Newsletters = and :the lessons that can be learned from that at: : :http://www.FundAdvice.com/FEhtml/MTStrategies/9811(a).html : :A table that lists the performance of several newsletters can be found = at: : :http://www.FundAdvice.com/FEhtml/MTStrategies/9811(t).htm : : :Intro: : :" :Mark Hulbert has been tracking the performance of investment newsletter :portfolios since July 1980. He=92s as close as anybody to an expert on = this :breed of publication. At the Seattle Money Show in October, Mark gave a :presentation on the lessons he has learned in the past 18 years. We took :notes, and we think our readers can benefit from Mark=92s wisdom, some = of :which you will find in the following article.=20 :" : :Hulbert's conclusions at the end of the article: : :Keep your expectations realistic.=20 : :Don't expect miracles.=20 : :Recognize that if you=92re trying to beat the averages, the odds are = heavily :stacked against you.=20 : :When you=92re looking for investment guidance, trust neither your own :emotions nor the claims of newsletter publishers promising very high = returns.=20 : :Remember that the world=92s best investor can produce 23 percent annual :gains, Hulbert said. If you can achieve 20 percent over your lifetime, = you :will be wealthier than you have any right to expect, he added.=20 :" : :Johan Of course, the subject of what annual returns are possible is a very interesting one, and I have given it some thought and watched the info that I have found on this with some interest, and filed it away in my memory (haven't taken to tracking it digitally!).=20 James Taylor's objective for his "System" was to double investors' money every two years. I don't know what the actual performance was/has been.=20 Several persons (star pupils) of WON's investment strategies have won investment competitions with returns in the neighborhood of 100% for a year. I'm sure some of you know the names of one or more of these people, and are familiar with the approximate 100% return figure.=20 The best I've ever heard of was one I encountered the other day, (I can't recall where just now) and it sounded legitimate. How does 279% sound? OK, now I remember, it was WON (I think!), and he said that this obviously required a lot of hard work. I think it was in a recent IBD. Anyone remember. I personally think that the above assertion that the best investor can return 23% a year is pretty lame. Hey, all you had to do was buy a block of DELL 3 years ago and gone to sleep on it and you would have a real good laugh on that one. Dan musicant@autobahn.org - -
Previous Article (by Author): [CANSLIM] POWI mckeener@ix.netcom.com
Top of Thread: not [CANSLIM] Performance of Investment Newsletters Johan Van Houtven
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