Re: not [CANSLIM] Performance of Investment Newsletters

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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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

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